LRV larvotto resources limited

"26 March to an ATH 1.07c then 8 April less than 60c it traded...

  1. 123 Posts.
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    "26 March to an ATH 1.07c then 8 April less than 60c it traded This to me isn't sentiment it was a planned event."

    The planned event was "liberation day" and its after effects - it had a ripple effect on global markets... LVR got caught up in its wake.

    At roughly 900% from Jun/Jul 24 price levels, the ATH did present the opportunity to take profit - so in a manner of speaking, your view of "To me it was too high and traders wanted to make $$$" - is correct. Not just on the way down though (well perhaps some of them)... majority, just took profit.

    "But a 44% dive in less than 10 business days, something smells..........." - I would disagree... I partly explained reasons above... but also, by your own admission "To me it was too high" is actually true... - SP was approaching overbought levels on technical (daily), on significantly overbought on some monthly indicators... So, SP only had one way to go, and liberation day plus a long bull run added rocket fuel tot he downward trend...

    "Then 60c 9 April to 90c 5 days later ????????" - 9th April - the entire NASAQ index jumped 12+%, S & P 500 index jumped 11+% in one day! (the "tariff-off" day that came after liberation day)... Again, LRV rode the coattails of that...

    If you can put aside the application of 100% skepticism to SP action, there are quite legitimate and provable means by which the SP movement could be explained.
 
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(20min delay)
Last
64.5¢
Change
-0.035(5.15%)
Mkt cap ! $265.9M
Open High Low Value Volume
68.0¢ 70.3¢ 64.0¢ $2.904M 4.309M

Buyers (Bids)

No. Vol. Price($)
5 80393 64.0¢
 

Sellers (Offers)

Price($) Vol. No.
64.5¢ 48449 1
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Last trade - 16.10pm 13/06/2025 (20 minute delay) ?
LRV (ASX) Chart
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