Every stock has bots messing around with it. As for the ranging over the last two months, it isn't overly surprising after going through a 700% increase last year on increasing volumes, that there's been some pull back and consolidation with volumes decreasing.
Whether it's the result of deliberate manipulation to shake out holders or it's just organic supply and demand is somewhat irrelevant for me.
They've been cash flow positive the last 3 quarters, they're announcing new contracts, and they're increasing investment in staff and marketing. I'm not sure what else an investor could ask for at this point. Having said that, sometimes people just want or need to sell.
I don't expect the quarterly to be any huge revelation. They've already advised in the 4C that costs were going to be up in Q2, largely due to Q1 deferrals.
Every stock has bots messing around with it. As for the ranging...
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Last
5.5¢ |
Change
0.001(1.85%) |
Mkt cap ! $73.83M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.9¢ | 5.3¢ | $168.1K | 2.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 78405 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
0.001 ( 1.15 %) |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.9¢ | 5.3¢ | 1081166 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| ALC (ASX) Chart |