That statement is complete nonsense and an assumption on your part. All small cap companies have been squashed recently in Australia including CYM. Just look at AR1 as an example. The disconnect is between large corporations like Glencore which hit a yearly intraday high on 4th November 2022 of $548.50 eclipsing the June high while today trading at $514.90.
Here is an example of small cap companies this year. I found this overlay chart facility on Yahoo Finance
AR1 kicked higher on commencing production but has since reverted back to it's prior level.
Meanwhile Glencore shareprice is marching higher.
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Last
3.1¢ |
Change
-0.003(8.82%) |
Mkt cap ! $47.30M |
Open | High | Low | Value | Volume |
3.5¢ | 3.6¢ | 3.1¢ | $75.42K | 2.231M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 505993 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 1000000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 505993 | 0.031 |
2 | 46001 | 0.030 |
2 | 127359 | 0.029 |
6 | 798821 | 0.028 |
1 | 285000 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 1000000 | 2 |
0.035 | 100000 | 1 |
0.036 | 81384 | 2 |
0.037 | 340946 | 2 |
0.038 | 330000 | 1 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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CYM (ASX) Chart |