I agree with many posters that the instos are manipulating the price to some degree but there are other macro factors at play to explain why we are down lately:
1. No other tech stock (out of 5) in my portfolio is in the green today. At 5% down at time of writing, BRN is performing around in the middle.
2. NASDAQ that has lots of tech companies listed got hit again last night.
3. The whole ASX is down as well - Why?
Nasdaq is down. Yeah sure. But we also just finished Earnings Season. The first one after COVID-19 hit last year. Those passive retail investors not on HC would have seen their companies profits (or lack of) and sold out. Earnings season is always very strange, but this one is particularly strange seeing it is right after a pandemic hit.
This highlights what happened to tech stocks in the last reporting season:
> 'IT/Software (cyclical) missing and being sold down' from:
https://www.morgans.com.au/Blog/2021/March/Reporting-Season-Feb-21-Scorecards-and-insights
Yes, no news doesn't help either, but this is the nature of our company and how they operate and live as a few posters have suggested before.
In fact, our fundamentals have improved with the NaNose news coming out via different news sources. Share price often doesn't reflect the fundamentals at play particularly in the speculative / tech space. The market doesn't see its true value yet. That is absolutely fine with me! Bought quite a bit more on the drop.
GLAH
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