To me those charts look very similar to most spec stocks at present and even the small cap indices. SMN is not alone.
The charts also look like SMN has tried / is trying to break out of that downtrend - BUT - to do so needs some help from the company by way of progress being announced through positive announcements to the market.
This year has only seen 2 progress related announcements; the appointment of Dennis and the Global aviation approval update. To me that says 'too quiet'. There is obviously things going on in the background and even statistically we are overdue for some progress updates and / or real progress.
However, shareholders are absolutely flying blind at the moment because SMN has not communicated sufficiently. That won't hold up in this market - SMN management need a rocket put under them (maybe we can include some CVM tech on that rocket )
Any holders with direct communication channels to any of the directors - now may be a good time to relay some of this message?!
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Last
73.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.9M |
Open | High | Low | Value | Volume |
75.0¢ | 78.5¢ | 72.5¢ | $135.8K | 184.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 72.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
73.5¢ | 190 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.720 |
1 | 2167 | 0.710 |
1 | 3500 | 0.700 |
1 | 8768 | 0.680 |
1 | 29850 | 0.670 |
Price($) | Vol. | No. |
---|---|---|
0.735 | 190 | 1 |
0.740 | 11925 | 2 |
0.745 | 2712 | 1 |
0.750 | 28269 | 2 |
0.760 | 7581 | 1 |
Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
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SMN (ASX) Chart |