Very simple.
Investors cashing in on a guaranteed profit vs taking a risk on a drill result.
This share price was 4 cents not that long ago, so you can't say it hasn't risen in value. Maybe this is the fully valued price? There is still a lot of buying at 18-20 cents this past week, so there is still strong demand for this stock. Then there will be the profit takers with the recent capital raise. Nothing is a sure thing in life. Best of luck all holders.
(a bit of a) Summary, page-67
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Last
1.0¢ |
Change
0.002(25.0%) |
Mkt cap ! $9.648M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $7.415K | 816.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3432586 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2453585 | 8 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| LCL (ASX) Chart |