The main reason for the down turn is the recent statement from Money3 which said that if the fee cap is introduced for loans under $1000, they will exit that particular segment. If this happened, their revenue will be reduced by 20%.
Market doesn't like uncertainty, so the share price will be on the downturn until decision is made around this regulation.
New Highs, page-85
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Last
$1.08 |
Change
0.000(0.00%) |
Mkt cap ! $223.9M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.10 | $1.08 | $409.2K | 377.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2333 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 905 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| SVR (ASX) Chart |