The more sophisticated buyers know the tech has huge potential and as soon as a material announcement is dropped the price will rocket (or should). In the meantime why not buy as much as you can at the lowest price possible? That's what they are doing.
In some ways seeing the price being pushed down is a good sign. Someone wants in.
We are all waiting for that first decent deal that will validate the commercial potential. Nothing else matters.
Could be next week, could be next year.
Be careful though. Nothing in investing in speculative stocks is guaranteed.
The more sophisticated buyers know the tech has huge potential...
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $323.8M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.0¢ | $1.039M | 6.226M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 2389988 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 94290 | 7 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| BRN (ASX) Chart |