A big problem at the moment is the near total lack of liquidity in the trading of AZS shares. They're about as popular as a red-headed step-kid. Nobody wants 'em. The stock simply doesn't appear to be on anyone' radar.
Only 10 orders in the buy queue. 20 in the sell queue. $5,000 traded all day today. It's a total snore-fest
Any remaining 'traders' deserted AZS a long time ago. These days, its a motley collection of low net-worth retail punters making up the numbers. My guess is they top-up when they have a hundred or so available (windfall on the pokies?), and yank a few hundred out when they're scrounging up dosh to pay utility bill. Its nickel and dime stuff. Laughable really.
And of course, the illiquid nature of the stock is showing in the spread - currently sitting at 15+% (9 to 10.5c). A spread of this size inevitably causes gears to grind to a halt. Fewer and fewer shares trade hands and interest wanes even further
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