I'd be surprised if the share price doesn't trend upwards now.
Price discovery never happens overnight and even if the fair value now is 50c or more, no-one who wants in will pay more than they have to. So it might appear over the next few days that nothing much has happened, with the price jumping around a bit as relieved traders exit with their hides more or less intact.
However, there should be a medium term upwards re-rating as the price tries to find a fair level. A few broker 'Spec Buy' recommendations might appear in coming weeks and that would be helpful.
I bought in initially at 52c and then a lot more at 16c to bring my average down to 24c. Given the unpleasant ride I've had to endure I won't be exiting anywhere around breakeven. You don't buy into highly risky stocks like this without the promise of big rewards. Without hundreds of percent potential upside I wouldn't want to be in it.
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Last
4.4¢ |
Change
0.009(25.7%) |
Mkt cap ! $52.53M |
Open | High | Low | Value | Volume |
3.6¢ | 4.4¢ | 3.6¢ | $183.9K | 4.656M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1159 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 997342 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1159 | 0.041 |
4 | 625000 | 0.040 |
1 | 22550 | 0.039 |
1 | 250000 | 0.038 |
2 | 502702 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 997342 | 3 |
0.045 | 129043 | 2 |
0.046 | 101217 | 2 |
0.048 | 254667 | 1 |
0.049 | 71945 | 5 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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SNT (ASX) Chart |