Not surprised.
Given current market conditions everywhere, there will be lots of investors urgently need liquidity, need cash. Lots of the small cap/micro cap shares can't take any volume sales without a huge discount to the quoted market prices which have been results of minimal volume trades.
Big pie in the sky, even if visible to the naked eyes, can't solve immediate needs to liquidity.
I bet any strength in share prices for all shares will be sold into. How much of the price rise can be sustained will be a function of near term corporate actions ie takeovers full or partial.
Ann: FSGS Study, Partnering & Commercialisation Investor Briefing, page-30
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Last
42.0¢ |
Change
-0.025(5.62%) |
Mkt cap ! $231.2M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 41.8¢ | $1.239M | 2.905M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 257588 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 10000 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| DXB (ASX) Chart |