I could be totally wrong but I have a sneaking suspicion the last run to $3 came about because retail buyers got their wires crossed regarding the US patent. I think a lot bought in thinking the bio sensor announcement was related to the quantum patent. Understandable if people weren’t totally across AXE as the Korean patent was approved only a couple of weeks before.
The AFR hatchet job and savvy profit takers knowing the difference between the patents pushed the price back to where we are now. I topped up yesterday with the expectation that the quantum patent is announced on the 21st. If/when this drops I think we head back north of $3.
CHART, page-177
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Last
21.5¢ |
Change
-0.010(4.44%) |
Mkt cap ! $56.06M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 21.0¢ | $43.91K | 198.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 51584 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 41032 | 2 |
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| Last trade - 15.32pm 01/10/2024 (20 minute delay) ? |
| AXE (ASX) Chart |