The SP hasn't reacted due to CR's sale.
Li stocks were off 4% yesterday. NMT down 8%.
Li stocks off another 4% today. NMT also down 4%.
NMT has tracked Li players over the last two days, with the exception of the 4% difference yesterday. It's easy for someone who panics, or who doesn't personally like it when a director sells a single share, to point to CR's selldown and say it's a disgrace, but NMT was coming off a sharp rise this month (20% from memory), and all other Li stocks - the ones that only dropped 4% yesterday - had all lost ground since March 1.
Given the difference is just around 1c a share on low volume, it's reasonable to ascribe the 4% difference between NMT and the other major Li players as simply taking profits.
To put it more simply, had the Li sector not dipped at all, NMT would have dropped 4% over two days. Would that really bother you?
Without wanting to get into a slanging match, I'd also point out that you have a small tendency to panic first and give due consideration later. Your first instinct over on PLS was that the Alt deal had fallen through when a trading halt was called. Your first instinct was also that the SP would halve when they raised at 36c. It quadrupled.
Trust me, if CR had made a dodgy and profit-grabbing sale here the rusted on barnacles would have been crying out just as loud as you.
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $65.39M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.0¢ | $50.95K | 480.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 266340 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 270030 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 266340 | 0.105 |
17 | 810510 | 0.100 |
4 | 55069 | 0.099 |
6 | 101132 | 0.098 |
4 | 259221 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 270030 | 8 |
0.115 | 21111 | 2 |
0.120 | 393721 | 10 |
0.125 | 18634 | 5 |
0.130 | 57875 | 3 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
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Change
-0.005 ( 4.55 %) |
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Open | High | Low | Volume | ||
10.3¢ | 10.5¢ | 10.3¢ | 107401 | ||
Last updated 15.59pm 03/05/2024 ? |
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