"26 March to an ATH 1.07c then 8 April less than 60c it traded This to me isn't sentiment it was a planned event."
The planned event was "liberation day" and its after effects - it had a ripple effect on global markets... LVR got caught up in its wake.
At roughly 900% from Jun/Jul 24 price levels, the ATH did present the opportunity to take profit - so in a manner of speaking, your view of "To me it was too high and traders wanted to make $$$" - is correct. Not just on the way down though (well perhaps some of them)... majority, just took profit.
"But a 44% dive in less than 10 business days, something smells..........." - I would disagree... I partly explained reasons above... but also, by your own admission "To me it was too high" is actually true... - SP was approaching overbought levels on technical (daily), on significantly overbought on some monthly indicators... So, SP only had one way to go, and liberation day plus a long bull run added rocket fuel tot he downward trend...
"Then 60c 9 April to 90c 5 days later ????????" - 9th April - the entire NASAQ index jumped 12+%, S & P 500 index jumped 11+% in one day! (the "tariff-off" day that came after liberation day)... Again, LRV rode the coattails of that...
If you can put aside the application of 100% skepticism to SP action, there are quite legitimate and provable means by which the SP movement could be explained.
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LRV
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Ann: High-grade Results from Eleanora-Garibaldi Drilling, page-76
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Last
76.5¢ |
Change
0.035(4.79%) |
Mkt cap ! $362.5M |
Open | High | Low | Value | Volume |
73.5¢ | 77.3¢ | 73.0¢ | $2.243M | 3.000M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 33757 | 76.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
76.5¢ | 3403 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 33757 | 0.760 |
1 | 6888 | 0.755 |
2 | 31000 | 0.750 |
1 | 13418 | 0.745 |
2 | 60000 | 0.740 |
Price($) | Vol. | No. |
---|---|---|
0.765 | 3403 | 1 |
0.770 | 229264 | 1 |
0.775 | 62207 | 3 |
0.780 | 40859 | 4 |
0.785 | 111000 | 3 |
Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
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