With the illiquidity and sticky shareholder base that ADO has it appears more likely that daytraders or tech players are likely to control this in the near future.
It's obvious that existing holders are not interested in selling at these levels as the recent low was not able to get close to the previous one.
Less than $100k is required to bust the recent high at 6.4c and then it is 'air' based on both technicals and current orders in the market until we reach 7.5-8c area.
I'll assume there would be some liquidity around there just from people who picked up some 'cheapies' under 6c but there shouldn't be a lot given the total traded below this level for the last few months has been so small.
A break of 8c puts us firmly back into the range we were at when the eBio deal was signed which is probably the right fundamental launching pad for any further news (balancing the positive of Affy with the negatives of investor withdrawal from the speculative end of the market).
Depending on how quickly all this happens means there moight be a speeding ticket issued which hopefully won't indicate that ADO has become a leaky ship - they have been extremely good on the compliance front so far so hopefully the recent interest is just people recognising the value and underperformance.
Pretty easy to see a path to 7-8c on nothing which build back to the sub 10c launching pad area again.
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.79M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $12.09K | 604.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1032452 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 143537 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 1032452 | 0.020 |
16 | 2467401 | 0.019 |
7 | 2493502 | 0.018 |
5 | 1724748 | 0.017 |
2 | 482000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 143537 | 3 |
0.022 | 425988 | 6 |
0.023 | 540459 | 7 |
0.024 | 141966 | 2 |
0.025 | 202146 | 4 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
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