It's dropping because there are some cheaper shares becoming available soon.
FMG has quite a few shares on issue, vaguely similar ball park figure from memory.
Any good news is eight months away if/when it happens.
Heaps of day n swing traders on to MGT...not me...waiting several months before I buy in for a third time.($5300 profit in the last 2years.)
Worth Shorting MGT?, page-4
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90014 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 30666 | 2 |
View Market Depth
| Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |