From time to time, stocks get smashed down on earnings/outlooks downgrades or some kind of outside factors eg legislative or geopolitical. Recently we only have to look at DSH and SGH as examples.
But for a stock to be smashed because of a steeply discounted capital raising (IPO) and this far below it so quickly.......is absurd!
There must be some livid US investors right now. The powers that instigated this drop are most likely covering short positions. And the powers behind the IPO/MSB will will be under short term pressure to take this to at least $2.50.
All IMO.
Mother of all over-reactions
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Last
95.0¢ |
Change
0.025(2.70%) |
Mkt cap ! $1.084B | |||
| Open | High | Low | Value | Volume |
| 94.0¢ | 96.8¢ | 93.5¢ | $4.207M | 4.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42268 | 94.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 95.0¢ | 48002 | 3 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MSB (ASX) Chart |