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4.76%

1.1¢ alexium international group limited

Ann: Appendix 3B, page-24

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krusty900

8,588 Posts.

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21/08/17

12:57

Post #: 26632338
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Originally posted by Sceptical Prophet ↑

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.

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Why does no one want to buy it though.... ?(decent chunk on the screen)

AJX Price at posting: 44.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 1.1¢		Change 0.001(4.76%)		Mkt cap ! $16.40M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$1K	90.9K

Buyers (Bids)

No.	Vol.	Price($)
4	3818784	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	121119	2

View Market Depth

No.	Vol.	Price($)
4	3818784	0.010
4	616765	0.009
2	182600	0.008
1	200000	0.007
2	378000	0.006

Price($)	Vol.	No.
0.011	121119	2
0.012	2545455	2
0.013	758914	2
0.014	564269	2
0.015	1200	1

Last trade - 10.00am 30/07/2024 (20 minute delay)

AJX (ASX) Chart

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