It's because the price is settling around the placement price.
People that made a profit from there have churned their shares. Some may still hold and hop to ride it up again. Or they have all sold out since to retail who are holding the bag hoping for another pump.
SUM Images of what SUM has, page-20
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 (20min delay)
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $14.67M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 17.0¢ | $17.91K | 104.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 253361 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 6253 | 1 |
View Market Depth
| Last trade - 15.31pm 11/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |