It took 5 weeks for price to drop from $1.50 to current 91c.
Shorts have increased during that time.
If a CR is on the cards like I have been alluding to for months not only do the shorts get to close out positions with a guaranteed exit price. They then get to reload with newly acquired shares from any raise and continue shorting.
50c or lower is most definitely a possibility if the above plays out.
When it’s time to buy this again - you won’t want to.
Cheers
DYOR IMO
ASX Today, page-41058
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Last
78.0¢ |
Change
-0.020(2.50%) |
Mkt cap ! $1.891B | |||
| Open | High | Low | Value | Volume |
| 79.5¢ | 81.5¢ | 77.5¢ | $7.861M | 9.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54923 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 25000 | 2 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |