The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Lycopodium (LYL.AX)
Stock Exchange: ASXAbout Lycopodium (ASX:LYL):
Ticker Codes: | LYL.AX | ASX:LYL |
Lycopodium Limited provides engineering consultancy services in the mining, metallurgical, rail, and manufacturing industries in Australia and internationally. The company offers feasibility studies, value engineering, project development, and implementation services to exploration companies and multinational producers of precious metals, base metals, iron ores, and other commodities. It also provides design, engineering, and project management solutions for process industries, including manufacturing and renewable energy facilities. In addition, the company offers project management, construction management, and commissioning services to the extractive mining industry; and engineering and related services for infrastructure projects, including architectural design, power supply and distribution, water supply and distribution, accommodation, buildings, roads, and other general civil and infrastructure components. Further, it offers asset management services, including reliability and engineering maintenance services to clients in the petrochemical, oil and gas, mining minerals, marine, and manufacturing sectors; project development phase studies, engineering and design, procurement, and construction phase services for rail infrastructure projects; and metallurgical consulting services to the mineral processing community primarily in the field of comminution, hydrometallurgy, and mineral processing design industries. Lycopodium Limited was founded in 1992 and is based in East Perth, Australia.