I would be a little careful about chart interpretations. Fundamentals some times come into play.
The pull back you mentioned could have been influenced by the announcement of the Prospectus for the issue of $47 million of ADR's.. This was compounded 2 weeks later with a further announcement of the delay in REACH trial results. The (up till then) rampaging SP took a huge hit over this period. I don't see such a scenerio unfolding atm.
IMO, an Appendix 3B for the issue of a chunk of those ADR'S, is the principal risk to the SP taking a hit pre upcoming REACH results.
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $73.22M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $72.14K | 6.116M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 17736780 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 12154993 | 13 |
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| Last trade - 12.29pm 25/02/2025 (20 minute delay) ? |
| ATH (ASX) Chart |