My guess is there were still lot of happy sellers that kept pressure downward. I did pick up on some support last week and the week before but that buying was absorbed by the sellers.
Indicating strong results without showing assays can only take share price so far. Few insiders bought plus few that picked on the message. Now that sellers are cleared SP is moving up and holding.
Also, last 5 days we had fair bit of general market sell off that added few extra sellers.
just my interpretation.
Ann: CUMMINS RANGE RARE EARTHS PROJECT EXPLORATION UPDATE, page-279
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $8.809M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $22.38K | 1.895M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1972669 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 499284 | 4 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| REE (ASX) Chart |