Yes I'm seeing a lot of low value trades come through in small cap names that I hold.......not sure if it's algo trading (can't imagine why for low liquidity small companies) or people trying to game the market, but swings of +/-10% doesn't instill a whole lot of confidence even for long term holders
I must be missing something, but to me they have demand (by growth restricted by their balance sheet), they have positive profit & cashflow, and it does not appear there will be a cash raise at this level so why the share price has not moved for almost 2-3 quarters given they have stabilized their business is a bit of a head scratcher.....perhaps unloved sector in this cycle, but you would have through a big player might have seen value and come in.
MME Price at posting:
6.5¢ Sentiment: Hold Disclosure: Held
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