Not really. Stocks like UCM need positive reaction to news flow as its what drives the share price. Yesterday was not good as a result because the price stayed flat on a stock that has already fallen quite sharply from a couple of months ago. The stock has seen consistent selling for some time now and yesterday with a liquidity spike sellers were waiting to exit and too their chance.
It simply has no positive momentum and if it does not rally today, the slow grind of poor liquidity will take over again. Consistent liquidity is very important, investors needs to be confident they can enter/exit the stock and of course its essential for traders. At the moment this is a big issue for UCM but apart from the odd blip its been the issue for a long time.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.759M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 46000 | 1 |
View Market Depth
| Last trade - 16.21pm 27/06/2025 (20 minute delay) ? |
| UCM (ASX) Chart |
Day chart unavailable