I am guessing the buy demand is just shorts taking profit. Still a relative large 5% short, most likely at much higher prices than now. Shorts need to exit sometime … 5c to 4c range looks ideal. I won’t be surprised if IMU doesn’t grind lower to 3c in coming weeks/months.
I will be looking to exit my remaining (small and free carry) SPP IMU and options positions shortly and reallocate to better opportunity that just completed a successful cap raise.
IMUGENE CHART. TA only, page-32819
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Last
5.9¢ |
Change
0.005(9.26%) |
Mkt cap ! $433.6M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.9¢ | 5.4¢ | $1.489M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35252 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 1753430 | 24 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |