I'd give you a thumbs up fodder but apparently the thumbs down outweigh me!!
Closed today at 3.7. Sell side heavier than buy side. Consistently lower lows occuring.
There's nothing to drive the price upwards at present.
Technical analysis shows a breakout towards the downside imo.
(although indicators such as RSI etc show oversold but that doesn't mean it won't drop further before reversing again).
Anyway just because a stock has a cash backing of x doesn't mean it can't trade at y. Happens everyday - it's called the stock market. Just my opinion - DYOR of course.
review of previous extension application, page-13
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.5¢ | $97.33K | 190.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26752 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 109917 | 4 |
View Market Depth
| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |