There was nothing here to justify selling the stock other than for those short term traders that bought recently with the intention of selling into the results (regardless of whether they were good or bad results).
That's always a gamble.
This is the same very undervalued stock with upside of multiples.
People selling to try and buy back in 1 or 2c cheaper, when the upside is a minimum of 10-20c (and probably much more), should ask themselves if it's worth the risk.
That is assuming they agree with the upside potential of course. Everyone will have their own upside target, and their own assestment of downside potential.
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.56M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $18.23K | 173.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 595332 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 36376 | 2 |
View Market Depth
| Last trade - 11.29am 16/07/2024 (20 minute delay) ? |
| KGL (ASX) Chart |