yeah. Every one has their own motives. Some people want a quick flip or are day trading. And there’s probably algos involved too that still generally are happy to sell down. I think bottom mine is that short covering alone doesn’t get it done. There needs to be organic buying pressure as well which is why the IR effort they are talking about is so important. As is getting over $3 which is the penny stock threshold for a lot of brokerages.
5EA set to skyrocket, page-1497
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $64.70M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.0¢ | $86.11K | 463.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9572 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 16170 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 5EA (ASX) Chart |