It looks like some holders are attempting to quietly exit and the lack of any buyers simply means the sellers are driving the price down. It’s simply poor sentiment, and rightly so with no news flow, the placement was unsupported, and no quarterly update to stem the tide.
As I said previously, anyone who wants to take a punt on this is getting the shares cheaper by the day & this is likely to continue until the quarterly drops. If the quarterly is poor, we are headed to 2c IMHO.
Ann: Cipherpoint Announces New US-based cp.Discover Contract, page-21
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.69M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $4.243K | 353.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 678113 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 7917450 | 5 |
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| Last trade - 15.44pm 17/09/2024 (20 minute delay) ? |
| EXT (ASX) Chart |