Buying opportunity. A quick look at the price history will show that the price has bounced up from ~50c almost a dozen times. Despite the downtrend, the company is fundamentally doing better than ever so it's not likely that the price will continue collapse to nothing.
Look at the volume, it's averaging 0.17% of total shares on issue. Compare that to 0.26% on NEA or 0.41% on STO (just randomly picked 2 off my watchlist) and it's quite clear that nobody wants to sell.
Look at the number of shorts which is 0.03% compared to 4.2% for NST or even 0.07% for NEA which has already announced improved guidance and has already had a short squeeze.
So basically, the stock is at a low that it has always historically bounced off, it is trading at very low volume because nobody wants to let go of their shares, and nobody is confident enough to short it because it's clear that the business is growing healthily.
Conclusion: Buying opportunity.
AJX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
