The other thing to look at is that AQC should have a beta of around 3. Which is as large as you can sensibly have. eg maximum risk catagory of all equities.
The ASX fell from around 5000 to around 4600 = 8%. On that performance a Beta 3 stock should fall around 25%. If we take 8c as a reasonable local high (the absolute peaks of 9c to 9.5c were too short and too low volume to be meaningful) then a 25% fall in AQC brings it to 6c.....
AQC is so volatile anything within +/- 0.5 to 1.0c of 6c that is just noise. So this whole retrace can be explained in terms of an overal macro adjustment.
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $98.75M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 17.0¢ | $255.6K | 1.365M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 49996 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 18262 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49996 | 0.185 |
4 | 39614 | 0.180 |
1 | 100000 | 0.175 |
2 | 14676 | 0.170 |
2 | 8030 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 18262 | 1 |
0.220 | 14790 | 1 |
0.230 | 85484 | 2 |
0.250 | 18635 | 3 |
0.260 | 350000 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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AQC (ASX) Chart |