The annual reports are clean its just the above treatment of R&D that has made it not line up perfectly. There is no manipulation of this stock, its just unloved at various times of the year. Its a cycle that you can track back since listing years ago. People get bored with no information, perceive a lack of growth (which is a valid point) and sell out. Then you get a half decent announcement, often with no real $ implications and the price shoots up.
Its the lack of depth in buy / sell that pushes it either way quickly on low volume. There is only 8.5m shares of which top 20 hold 45%. It only takes somebody wanting to unload 10k on the wrong day to drive it down a decent %.
I've been a supporter for a long time and hold a reasonable portion, and go to the AGM when I can, and even I am jaded by it as the R&D investment required seems to always chew up any decent profit..
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $11.86M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.3¢ | $32.07K | 1.368M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20833 | 2.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 2292811 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20833 | 0.024 |
3 | 283434 | 0.023 |
1 | 227272 | 0.022 |
6 | 768573 | 0.021 |
3 | 1000000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 2292811 | 2 |
0.027 | 63805 | 1 |
0.028 | 123171 | 2 |
0.029 | 125000 | 1 |
0.030 | 381814 | 1 |
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