same thing happened in drm today. v positive drill results but big churn capping the stock
if i had to guess id say part of flows atm across the boards may be macro funds lightening up on risk going into September
esp US money pulling back on concerns re EM market challenges related to USD 'shortage'. When that narrative gets strong US money - which is about 40% of ASX flows - heads for home.
it wont be all of the action - but i suspect its there
1997-98 was last time this occurred - saw collapse of a couple of SE asian developing economies that overloaded on US debt
- take that narrative together with Sept being a notoriously tricksy time in equity markets - gives anyone pause for thought
same thing happened in drm today. v positive drill results but...
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30.0¢ |
Change
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Mkt cap ! $152.2M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 31.0¢ | 30.0¢ | $18.95K | 62.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 58803 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 8400 | 1 |
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| Last trade - 15.57pm 29/08/2024 (20 minute delay) ? |
| AKM (ASX) Chart |