Merely the calm before the storm imho, this is typical oil and gas volatility. I am expecting a $1,000,000 wipe of the line at
.005 in the not to distant future. It has happened before with this stock which is interesting considering its’ penny dreadful status. Reasoning behind this thinking is that the sophisticated
investors are going to want to see a good return on their recent purchase and as others have mentioned their backers have the tools to facilitate this.
Fundamentally the company seems to have engaged a public relations consultancy to help get its message across. This is all about accenting the positive and burying the negative, hence the reason some questions are being ignored.
This marketing mechanism/strategy over a period can have huge benefits, lifting a company’s profile, however mentioning a consolidation (negative) prior to Flow (hopefully positive) results seems odd to me.
Technically the charts are saying this thing is ready to fly but I could be completely wrong…..only time will tell.
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $70.75K | 35.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 71704101 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 609303495 | 230 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 71704101 | 0.002 |
247 | 997463478 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 609303495 | 230 |
0.004 | 277825262 | 106 |
0.005 | 131199540 | 48 |
0.006 | 36794900 | 36 |
0.007 | 33463917 | 22 |
Last trade - 11.47am 04/09/2024 (20 minute delay) ? |
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88E (ASX) Chart |