I think a few holders have taken profits or had stop losses triggered. A couple of funds have exited but that's to be expected, jumping in/out depending on the TA. Doesn't necessarily mean it's a bad stock, just the capital can be used elsewhere or cash balances need to be replenished.
The longer-term holders/people you expect to be there still are so that's good news. - IMO
If there is intentional downwards pressure on the SP, then that's exactly the outcome wanted. Trigger stop losses and skew the trendline before/during accumulation.
Ann: 2023 Annual Report to Shareholders, page-47
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Last
2.0¢ |
Change
0.002(11.1%) |
Mkt cap ! $19.15M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 2.1¢ | 1.8¢ | $323.5K | 16.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 548599 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1355799 | 6 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
0.002 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 2.1¢ | 1.8¢ | 7010154 | ||
| Last updated 15.16pm 24/05/2024 ? | |||||
| ENV (ASX) Chart |