If a big seller was unloading then the buyer wanting to accumulate 900,000+ shares at 53c would've all been chewed through today, particularly given the sell-off of growth stocks.
Difficult to say how long the price will hover around these levels. Could churn for a couple more months as sellers book their capital gains discounted profits. Others will be selling purely out of boredom as the smart money accumulates in the 50c to 60c range.
As is usually the case, the patient will be rewarded. The new strategic roadmap (expected around June) might be the next major catalyst, but I wouldn't rule out the new CEO making some other positive announcements in the meantime.
Charts, page-45
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.53M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 408087 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 119170 | 3 |
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| Last trade - 16.12pm 04/11/2024 (20 minute delay) ? |
| SWF (ASX) Chart |
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