Its always seems to be the case with GMN that they manage to raise capital/issue shares above the market price.
The volume going through this year is very very low I doubt if we have seen over 10 million traded during the 2019 year.
These low daily volumes may just be some some holders who see the lack of progress as detrimental to their portfolios especially while the overall market is nearing all time highs.
Price and volume are both in decline, there is no sign of any increase in volume in the price decline, my feeling now is those who wanted out are out along with those who may see a capital loss now with the financial year closing.
We may well be at the bottom of this downtrend and any spike up in volume and a reversal in the price might be a buying opportunity.
For that to happen we need some news, so this might drift sideways for months.
50000 shares bought at 12cents is $6000 so there might be a lot of small holders out there selling.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.814M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
79 | 171160700 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 30409423 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
79 | 171160700 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 30409423 | 22 |
0.003 | 22910567 | 19 |
0.004 | 31694501 | 20 |
0.005 | 7920406 | 15 |
0.006 | 6681022 | 6 |
Last trade - 16.12pm 19/11/2024 (20 minute delay) ? |
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