It seems to me that many investors interested in BRN were also not interested in catching a falling knife.
The short speculators were very successful in lowering BRN's price by very tactical selling. And they appeared to have made a profit. It will be interesting to see how many took cover last week. They may even try to repeat their strategy.
At this stage there appears to be a buy signal in the chart and the investors waiting on the sideline are jumping in.
There is even a greater number of investors that still consider BRN a story stock. Some won't be tempted until BRN announces a material contract. Others will wait for revenue. Others will wait for profit. Still others will wait for a history of profit.
I am very happy with my BRN investment, the tech seems well accepted and is certainly in the right area with a huge prospective market. I don't know of any real competitor to BRN and the market cap is still less than USD $500M with a relatively tight shareholder base. We live in interesting times.
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $362.4M |
Open | High | Low | Value | Volume |
17.5¢ | 18.8¢ | 17.3¢ | $1.351M | 7.581M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 916299 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 588442 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 909066 | 0.180 |
21 | 1580346 | 0.175 |
61 | 2474972 | 0.170 |
67 | 1782318 | 0.165 |
73 | 1496071 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 588442 | 23 |
0.190 | 2494955 | 42 |
0.195 | 781305 | 18 |
0.200 | 1146206 | 42 |
0.205 | 901914 | 14 |
Last trade - 15.09pm 15/08/2024 (20 minute delay) ? |
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