The "game" the shorters play will only play on as long as there are enough sellers at a low enough price outweighing buyers at a higher price. Once the share price moves beyond their profitable entry/exit price they will move on to greener (as in sea of red) pastures.
As I'm sure you know, ultimately shorters don't set the long term share price, a return on capital by the business does. Or in the case of a start up like this one, certainty on timing and size of projected earnings. This share is still a short term traders punt.
Early buyers caught the easy early gains of the "promise", we are now in the phase of "building the biz". No reason for the shares to go up till we have real sales and a believable pipeline of projected sales matched by an ability to deliver at a profitable cost. That could take years yet.
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Last
$2.07 |
Change
0.010(0.49%) |
Mkt cap ! $393.0M |
Open | High | Low | Value | Volume |
$2.05 | $2.12 | $2.04 | $866.6K | 416.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6662 | $2.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.08 | 1429 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6662 | 2.070 |
2 | 20646 | 2.060 |
3 | 2916 | 2.050 |
3 | 15160 | 2.040 |
2 | 31429 | 2.030 |
Price($) | Vol. | No. |
---|---|---|
2.080 | 1429 | 1 |
2.090 | 5429 | 2 |
2.100 | 1429 | 1 |
2.110 | 36796 | 4 |
2.120 | 25550 | 5 |
Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
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