Guys I think your missing the point here, this is a retail punting stock. It’s gone from $1 to almost $7 on no substantial announcements. Cash burn is high and it’s cum another substantial raising in March at the latest. Good prospects yes, and an interesting tech capability but a pure punt. Outside of management no value managers on the register.
A number of you refer to your charts and set levels - sorry guys but the stock hasn’t been listed long enough to refer to technicals. These are very short term if anything. I don’t know why anyone is surprised and panicking at the fall - the bigger question is why retail bid the price up so much - another momentum trade coming back to reality.
ASM Chart Thread, page-120
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Last
59.0¢ |
Change
0.020(3.51%) |
Mkt cap ! $106.9M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 60.5¢ | 56.0¢ | $175.9K | 303.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10187 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ASM (ASX) Chart |