there wasn't any major reason for cla to rise from 4.7c to 9c (other than that it was oversold perhaps) as there was no news going with the rise, so there isn't much reason needed for it to drop other than the buyers realising that they can simply retreat to pick up some more cheap ones with the big buyer gone.
I don't think there is any consensus of the value of cla at the moment which is why it is drifting around aimlessly and traders are playing with it and they're happy with the volatility.
I don't think this will really stabilise until the figures come out
CLA chart, page-2856
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $26.70M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $286 | 26.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 14069147 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 430313 | 3 |
View Market Depth
| Last trade - 10.02am 18/09/2024 (20 minute delay) ? |
| CLA (ASX) Chart |