I would say their is a little circle of money occurring which is causing the downward pressure.
for example ERJ raise cash at 1.2c from person A.
Person A sells all shares at or above 1.2c but person A keeps the free options.
ERJ then raise cash from person A at 1.1c and the circle repeats.
Until something happens that breaks that circle.
starting to feel bullish about erj again, page-16
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Last
0.2¢ |
Change
0.001(50.0%) |
Mkt cap ! $16.07M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $4.541K | 2.921M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 77225172 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 120638009 | 56 |
View Market Depth
| Last trade - 10.53am 08/11/2024 (20 minute delay) ? |
| VPR (ASX) Chart |