Can't totally discount that possibility but MGT appears to be moving roughly inline with other non profit making stocks. I think it's just general negative market sentiment.
it's not unusual for penny stocks to retrace 80 to 90%
XSO, XAO, XJO & XEC can and will probably continue to retrace so it's anyone's guess when and what level MGT will bottom out
Reminiscing of the good old days!!!, page-4
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.93M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 17.0¢ | $153.2K | 858.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16666 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 4781 | 2 |
View Market Depth
| Last trade - 15.38pm 02/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |