Market cap of 29.3m is tiny and easy to manipulate. The volume of trading is quite high given this. We can't blame the 4C for this drop as we were at 24c just last Friday. For me this is a typical microcap moving around on one decent holder getting out. This is my theory anyway. Although it is jarring to see it down 12% in one day on no news this isn't unusual in microcap land.
One thing that struck me from the 4C was them not including the new 12 partners in their overall number of 68. So I expect this qtr for it to be the 13+ hopefully more taking the total close to 90-100.
Overall it's a long play though!
Market cap of 29.3m is tiny and easy to manipulate. The volume...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.192M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 127658 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 480000 | 2 |
View Market Depth
| Last trade - 16.12pm 31/07/2024 (20 minute delay) ? |
| OLL (ASX) Chart |
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