Looking at the stats on today's trades it would be my guess that a CR placement subscriber decided to quit to gain funds for another opportunity. If this is the case then it doesn't show a wide market capitulation, it simply means that that seller had other, more attractive opportunities in the meantime. I dont trade on CBoe so missed that trade to pick up more cheap stock.
Hopefully it causes a "shake the tree" scenario to finally remove any loose CR participants that may remain, so there may be some great soak up opportunities for the patient holders and believers in MRQ.
But that is just my gut feel on today's action.
Ann: 30 June 2024 Quarterly Activities & Cashflow Report, page-45
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.84M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $667 | 166.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 25030718 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 21658483 | 36 |
View Market Depth
| Last trade - 10.04am 06/09/2024 (20 minute delay) ? |
| MRQ (ASX) Chart |