It's a good question.
I had a quick look at the last 12 months Trading History and there has been ~20% drops in a single session but these occurred at higher levels. Open high 3s, Close at low 3s.
A few theories:
- a large holder wanting to exit at any price.
- the adage of 'stay away in May'.
- pre-EOFY selling for capital gain losses.
- insider not liking what they see next quarter.
- bots / brokers.
Trading volumes sub 3c has been low, so any pickups here could be good for those with some gumption.
I've just noticed a 2.8c trade (77,883) went through with the same order reappearing immediately after.
It's a good question. I had a quick look at the last 12 months...
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Last
42.5¢ |
Change
-0.030(6.59%) |
Mkt cap ! $234.2M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 44.0¢ | 40.5¢ | $1.052M | 2.495M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8342 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 12346 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| MDR (ASX) Chart |