"26 March to an ATH 1.07c then 8 April less than 60c it traded This to me isn't sentiment it was a planned event."
The planned event was "liberation day" and its after effects - it had a ripple effect on global markets... LVR got caught up in its wake.
At roughly 900% from Jun/Jul 24 price levels, the ATH did present the opportunity to take profit - so in a manner of speaking, your view of "To me it was too high and traders wanted to make $$$" - is correct. Not just on the way down though (well perhaps some of them)... majority, just took profit.
"But a 44% dive in less than 10 business days, something smells..........." - I would disagree... I partly explained reasons above... but also, by your own admission "To me it was too high" is actually true... - SP was approaching overbought levels on technical (daily), on significantly overbought on some monthly indicators... So, SP only had one way to go, and liberation day plus a long bull run added rocket fuel tot he downward trend...
"Then 60c 9 April to 90c 5 days later ????????" - 9th April - the entire NASAQ index jumped 12+%, S & P 500 index jumped 11+% in one day! (the "tariff-off" day that came after liberation day)... Again, LRV rode the coattails of that...
If you can put aside the application of 100% skepticism to SP action, there are quite legitimate and provable means by which the SP movement could be explained.
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Last
64.5¢ |
Change
-0.035(5.15%) |
Mkt cap ! $265.9M |
Open | High | Low | Value | Volume |
68.0¢ | 70.3¢ | 64.0¢ | $2.904M | 4.309M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 80393 | 64.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
64.5¢ | 48449 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 80393 | 0.640 |
1 | 34000 | 0.635 |
1 | 4800 | 0.625 |
3 | 23208 | 0.620 |
2 | 48500 | 0.615 |
Price($) | Vol. | No. |
---|---|---|
0.645 | 48449 | 1 |
0.655 | 50000 | 1 |
0.660 | 8396 | 1 |
0.665 | 60000 | 2 |
0.670 | 40171 | 4 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
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LRV (ASX) Chart |