I think there is an SP manipulation issue - you only have to see the number of very small trades that come in at below the SP at the time. No one looks at a company where the SP is trending upwards after an announcement and then sells a small parcel at a lower price and when that is happening several times in a trading session - and every trading session - something does not feel right. I am not into conspiracy theories - and I get the irony of me just pointing one out of my own - but it is hard to fathom out why this is happening.
Over the last two months, there have been some very material announcements - mixed in with some minor ones of course. It would be logical that the SP would be positively affected - and that has not happened. A company announces almost a $1mil total revenue increase from a previous quarter where revenue was almost non existent - that is not talking up a situation. That is a significant change in circumstances. That is the basis of a potential enhanced future. All that promise needs to be realised of course but it certainly should have had a visible SP nudge upwards.
12 months ago, MXC was a shambles. Today, you could almost be forgiven for thinking this is a different company altogether. Some decisions made in 2018 defy logic and do appear to be very amateurish as you pointed out. I am heartened that there seems to be a change in management style and, perhaps, a renewed energy in getting MXC back on track. The move to focus on MM may well be the catalyst for that change.
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argent biopharma limited
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Last
13.0¢ |
Change
-0.030(18.8%) |
Mkt cap ! $7.705M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 13.0¢ | $3.438K | 22.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 45231 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 245 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 45231 | 0.125 |
3 | 57000 | 0.120 |
2 | 33708 | 0.115 |
3 | 13116 | 0.110 |
3 | 24250 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 245 | 1 |
0.160 | 5000 | 1 |
0.165 | 7337 | 1 |
0.180 | 10000 | 1 |
0.200 | 50 | 1 |
Last trade - 14.33pm 02/04/2025 (20 minute delay) ? |
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