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.
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