Hi Didado
Price dropped quickly because it was artificially inflated (i.e. Pump and dump). This happens often with new stocks that are in a hot sector and have a good story. See attached chart of how this normally plays out - a few institutions made huge $$ that retailers have paid for near the top. If you look at RFN's chart is almost exactly the same.
In regards to the price needing to be higher - the market needs to hear some updates from the company related to revenue or fourther sign up of clients. The quarterly results will be out at the end of January and we are hoping for more news regarding company progress in the meantime. I am positive on the future of this company but that doesn't mean I am right.
Welcome to the market, remember to do a lot of research and enjoy the ride.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $941.2K | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 36962867 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 15982909 | 8 |
View Market Depth
| Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
| 1TT (ASX) Chart |
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