It is more a liquidity issue. Low prices bring more sellers... and scare away new buyers.
But when you look at the volume there is nothing there... if you try to sell $500 you can make the stock go down 5% today. It is what it is.
Overtime Longterm holders may sell at the lows. Instead of buying at the lows.
Sentiment to unprofitable/small companies is going to change once central banks go from raising rates to cutting rates.
In LCL case a major discovery in PNG would also help. Lots of money to make here for those with a long-time frame.
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Last
0.9¢ |
Change
0.001(6.25%) |
Mkt cap ! $8.201M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $685 | 76.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 682972 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1362208 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 682972 | 0.008 |
7 | 7517560 | 0.007 |
9 | 5580000 | 0.006 |
9 | 4341080 | 0.005 |
5 | 5878763 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1362208 | 4 |
0.010 | 4181762 | 5 |
0.011 | 1459999 | 3 |
0.012 | 737500 | 2 |
0.013 | 83333 | 1 |
Last trade - 15.51pm 30/08/2024 (20 minute delay) ? |
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LCL (ASX) Chart |
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Anthony Noble, MD & CEO
Anthony Noble
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