It's because people are realising this company is probably a dud. If they can't get their act together over however many years its been, you wonder if they ever will.
Have a read of this article.
https://www.first(removethis)links.com.au/listed-companies-disappear-worthless
"37,000 companies tried, only 580 still listed and profitableThe chances of finding a winner on stock exchanges in Australia has been around 1%. Not a 1% chance of beating the overall ‘market index’. I mean 1% just managing to survive and build a profitable business. Here’s why.I estimate that there have been about 37,000 companies that have raised money from investors and listed on one or more of Australia’s stock exchanges at some time since the early 1800s. Today, there are only 2,300 companies left still listed on the ASX (6% of the total ever listed) and only 580 of those make any money. So what happened to the rest of them, and what happened to investors’ money?"
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Last
$1.79 |
Change
-0.075(4.02%) |
Mkt cap ! $304.8M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.76 | $348.2K | 192.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5612 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.79 | 3567 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.78 |
Change
-0.075 ( 5.38 %) |
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| Open | High | Low | Volume | ||
| $1.81 | $1.86 | $1.76 | 27553 | ||
| Last updated 15.55pm 14/06/2024 ? | |||||
| RAC (ASX) Chart |