I reckon its the shorters trying to take advantage of the macroeconomics sentiment and light volume to manipulate the stock downwards.
In my opinion, once the shorters start to cover, it should hopefully shoot up.
Just google 'gamestop short squeeze' and hopefully history will repeat itself with this NVX.
If you think about it, the fundamentals haven't changed much when it was still trading at $3+ a few days ago.
EV will still be the future and the demand for lithium or those battery technology providers should be enormous.
Just my opinion. DYOR.
Why are people dumping NVX shares ?, page-4
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Last
68.5¢ |
Change
-0.045(6.16%) |
Mkt cap ! $337.5M | |||
| Open | High | Low | Value | Volume |
| 70.5¢ | 70.5¢ | 68.3¢ | $729.6K | 1.051M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 59265 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.5¢ | 10000 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NVX (ASX) Chart |