You are right regarding equilibrium. After all, the price is a battle between supply and demand. At the moment (based on the LTF) there is no interest in buying above 2c and no interest in selling below 1.9c. After an 80% collapse in price this year, this is what the stock needs for a recovery: Trade sideways for a bit and then push upwards.
The price trades similarly to 2022, albeit with a harsher drawdown. The sideways chop in 2023 allowed for the breakout to the upside. These tight sideways chop periods have high odds of breaking violently upwards or downwards.
I suspect the price will be updated after the AGM and, most crucially, after the next Quarterly report. We will then have a better idea of the cash in the bank and how many quarters of $$ are left.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.654M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $210 | 104.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 64 | 38848316 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 18281126 | 25 |
View Market Depth
| Last trade - 12.28pm 27/06/2025 (20 minute delay) ? |
| BIT (ASX) Chart |