The issue was caused by the share price tank after unit 3 which saw maybe 250million share's bailed out and sold at less than 8c. Its hard for the market to price stock with no cashflow so they tend to get these volatile swings based on fear and greed with no financial fundamentals as a back stop.
Those that took the punt and bought these sold out again on the 1b news. Will probably need patience as the market needs to again go through a slow churn phase leading into and through the next drill campaign. Lesson learned is that a lot of the shareholders on this stock will bail on bad news or sell for a quick profit if the price spikes and that's fine if that's their trading strategy. You just need to decide how to play this one yourself. Personally I try and top up around now and aim for a free carry/lock in some profit if it trades over 10c again into the next drill.
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Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $111.2M |
Open | High | Low | Value | Volume |
3.3¢ | 3.4¢ | 3.3¢ | $67.83K | 2.054M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 254456 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 1556167 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 254456 | 0.033 |
2 | 573193 | 0.032 |
5 | 497000 | 0.031 |
7 | 585066 | 0.030 |
7 | 1042395 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 1556167 | 6 |
0.035 | 1982500 | 5 |
0.036 | 1529408 | 3 |
0.037 | 900014 | 2 |
0.038 | 203500 | 4 |
Last trade - 15.23pm 27/09/2024 (20 minute delay) ? |
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