I think that the shorts have spent a little bit (5 million shares in the first minutes but they would not have spent all that)to trigger the stops then they have capped and set the algos to work . With todays volume the shorts could easily halve. Despite the drop in EBTDA there is really nothing in that report that I can see which justifies a 25% drop.
I had penciled in a 10-15% movement as historically that was the norm.
I remember APT SQ2 XYZ whatever you want to call it doing this a number of times in the teens and 20's only to go up into the 100's
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Last
$2.87 |
Change
0.160(5.90%) |
Mkt cap ! $3.714B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.90 | $2.70 | $61.73M | 22.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 413823 | $2.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 226794 | 8 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |