Kelvsy,
the share price of this company is easily manipulated if need be by the majority holders. The recent buy in of Officium is another indicator that the substantial holders are not actually reducing their positions but are starting instead to accumulate. The current drop is nervous investors getting out and taking their losses but having no idea on what the underlying value of the company is. Momentum traders are among us rather than value investors...
Look at the buy side now...the last few weeks have been a healthy consolidation period and is going to allow a swing trade for these followers. I, for one, will hold and assess my position when the resource upgrade and DFS gets released.
ovr chart, page-14
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $8.988M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $11.49K | 1.641M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3311499 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1034 | 1 |
View Market Depth
| Last trade - 15.54pm 13/11/2024 (20 minute delay) ? |
| RNX (ASX) Chart |