I'll likely never know the answer, but I'd be interested in how much of the recent downward price movement is a combination of people topping up to their maximum holding threshold in the SPP. So not a large list of people wanting to accumulate further .... Combined with our downward price movement aligning pretty closely with 12mths from ERD listing on the ASX.
Early buyers are likely sitting on some nice capital gains and are probably ticking over the 12mth discount threshold, so taking a bit of profit.
People taking wins, less people wanting to accumulate, price drifts down.
I'll likely never know the answer, but I'd be interested in how...
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Last
$1.14 |
Change
-0.070(5.79%) |
Mkt cap ! $213.2M | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.21 | $1.14 | $31.67K | 26.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35000 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 1797 | 1 |
View Market Depth
| Last trade - 15.53pm 05/07/2024 (20 minute delay) ? |
| ERD (ASX) Chart |