It's dropping because there are some cheaper shares becoming available soon.
FMG has quite a few shares on issue, vaguely similar ball park figure from memory.
Any good news is eight months away if/when it happens.
Heaps of day n swing traders on to MGT...not me...waiting several months before I buy in for a third time.($5300 profit in the last 2years.)
Worth Shorting MGT?, page-4
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.14M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.5¢ | 13.5¢ | $6.565K | 47.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19727 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 172716 | 1 |
View Market Depth
| Last trade - 15.58pm 08/11/2024 (20 minute delay) ? |
| MGT (ASX) Chart |