With the US holding this stock down and the arbitrage at play the stock cannot go up. Another 1 mil seller appears at the ridiculous price of 2.2 cents. This whole share price debacle can be blamed on the US and the company itself. It's giving us great exposure to a far more sophisticated market they say.
The stock is way oversold, but sadly it will require US pumping to reverse all this. The ASX was the leader after the trial results pushing the stock to 4 cents, but the US dumped it because someone over there knew there was a capital raising coming. After that it just followed the a very typical pattern of crushing the stock way below the placement price. I will watch for the US market for the lead now on where this stock is going, even though we get first crack at the announcements. Mind you Marc gave the US market first crack last night and they responded with a huge 1.46 to 1.47 rally.
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Last
31.5¢ |
Change
0.005(1.61%) |
Mkt cap ! $458.1M |
Open | High | Low | Value | Volume |
31.0¢ | 31.5¢ | 30.5¢ | $251.5K | 806.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 121215 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 2864 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 121215 | 0.310 |
21 | 282998 | 0.305 |
21 | 464160 | 0.300 |
6 | 89833 | 0.295 |
11 | 293135 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 2864 | 3 |
0.320 | 175639 | 5 |
0.325 | 392741 | 5 |
0.330 | 168348 | 4 |
0.335 | 196676 | 5 |
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