I find it fascinating everyone is focusing Friday's price drop.
To my mind, there is absolutely nothing remarkable or surprising about it at all. This is a company with a market cap of over $1.1 billion with no meaningful revenue and is operating in a ferociously competitive sector.
What IS remarkable is how BRN managed to achieve its current share price in the first place, let alone rise to over $2 at one point.
In my view the price rise was driven largely by vulnerable and gullible retail holders falling for the wild speculation posted by promoters/pumpers on BrainChip Facebook groups, reddit, stockmarket forums, Telegram groups, LinkedIn, Twitter etc and believing this is their ticket to untold wealth.
Chart, page-19109
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $343.4M |
Open | High | Low | Value | Volume |
16.5¢ | 18.5¢ | 16.5¢ | $1.865M | 10.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 1001708 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 167790 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 773061 | 0.170 |
26 | 568227 | 0.165 |
27 | 1452882 | 0.160 |
47 | 1519084 | 0.155 |
117 | 3652569 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 158299 | 2 |
0.180 | 698170 | 7 |
0.185 | 1095940 | 16 |
0.190 | 757076 | 18 |
0.195 | 744472 | 12 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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