The fall was triggered by people selling in greater volumes and at lower prices than buyers were willing to buy at!
The reasons behind this...... well anyones guess really!!
I suspect there was some selling into the news within the last TH having taken up a prior position. There was also likely to be some selling for CGT losses.
I also suspect selling into news of some longer term holders to capitalise gains (from 0.5c SP levels)
The 3 of the above combined potentially triggered stoplosses forcing additional selling pressure and investors got caught up with selling scenarios mentioned above and panic.
A spiral of sh!te developed but hopefully a little bit of stability is now evident!
That's my thinking and opinion behind the recent SP activity anyway as I cannot see any change in fundamentals that would lead to what we saw...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.855M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 674997 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 23334 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 674997 | 0.011 |
5 | 1329995 | 0.010 |
3 | 883330 | 0.009 |
2 | 440000 | 0.008 |
2 | 229999 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 23334 | 1 |
0.015 | 202325 | 1 |
0.016 | 12803 | 1 |
0.017 | 227673 | 2 |
0.018 | 416660 | 3 |
Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
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