At a guess, I think it possibly might be a sophisticated investor or two selling down. I see in the annual report there was a cap raise of 100M shares @ 4c in June, so you can't blame them for taking profits. Even selling at 8c it is a two bagger. Someone please tell me if I have my facts wrong!
As much as I would like to be taking my first stake in the company now at these very attractive prices, I can't see this selling pushing the price down too much more before buying volumes start pushing back up.
Ann: Annual Report to shareholders-PGO.AX, page-17
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $9.676M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.5¢ | $2.275K | 18.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 122200 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 35974 | 2 |
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| Last trade - 13.08pm 18/09/2024 (20 minute delay) ? |
| PGO (ASX) Chart |