Let’s not forget that 31 millions shares were issued in November 2020 at a price of $1.10. I suspect a fair chunk of these would have been offloaded recently in November - December following 12 months passing and being able to claim CGT discount and would have been up +200%. Many of Those who participated in the cap raise happy to take profit at this level.
Coupled with this we also have also had the sell-off of loss making / high multiple tech.
I also suspect the sudden increase in short positions we saw in November from 0.5% to 3% was likely a larger holder who took place in the Nov 2020 cap raise taking a hedge as they offloaded some of their holding. By placing a short hedge and selling down some of their holding, any reduction in the price could be partially offset.
Just some thoughts on the recent price weakness, likely a confluence of factors.
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.58M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.6¢ | $32.14K | 1.894M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 6780569 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 549979 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 6780569 | 0.016 |
15 | 2645607 | 0.015 |
6 | 2391923 | 0.014 |
2 | 1004000 | 0.013 |
4 | 1393415 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 549979 | 2 |
0.018 | 2779942 | 11 |
0.019 | 1353200 | 3 |
0.020 | 913888 | 3 |
0.021 | 600 | 1 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
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