It looks like joining the ASX 200 was the reason for the sp decline explained by the above posters. But maybe it got something to do as well with the unfortunate timing because soon after the inclusion the world-wide interest rises and the dumping of so-called "risk on" stocks began. And maybe again IMU is on the wrong side of the ASX 200 if, when kicked out, the central banks start to lower interest rates.
Anyway, as long as the trials deliver outstanding results and the cash doesn't run out the chance of reaching new highs is not Zero.
Possibly sub 10c tomorrow, the set up of the market depth points towards that.
GLTA
Will IMU be removed from the ASX200 in June?, page-14
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Last
5.7¢ |
Change
-0.002(3.39%) |
Mkt cap ! $418.9M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.2¢ | 5.7¢ | $1.592M | 26.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 3097327 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 918325 | 30 |
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| Last trade - 15.02pm 15/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |