It's kinda well known that in an environment of increasing interest rate, stocks which have no current earnings will get hit. The chart also shows a clear trend downwards exceeding all MAs. The news so far while "ok" to "good", they are not fantastic news so there will be a tone of people wanting to sell on any slightly positive news. Remember, there are a whole bunch of people and instos who got in at 5c-10c and they want to de-risk in this environment and capitalise on the gains.
IMUGENE CHART. TA only, page-10231
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Last
4.6¢ |
Change
0.001(2.22%) |
Mkt cap ! $342.1M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.7¢ | 4.5¢ | $906.2K | 19.67M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 9543864 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 1266571 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |