The volume in the rise on the quarterly was pathetic, it will just have been used as an opportunity for people stuck with stock to sell and shorters to re-enter/add.
IF the bottom is in(I doubt it but who knows), this will take months or more likely years to rebase before any new sustainable uptrend emerges.
There are heaps of stocks forming buyable bases in established uptrends just now, some already broken out. Why anyone wastes their time holding this still is beyond me, those who ignored the trend after the top will look back in years to come at the huge opportunity cost that ZNO was
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-58
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Last
3.1¢ |
Change
0.003(10.7%) |
Mkt cap ! $6.625M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 3.2¢ | 2.8¢ | $18.64K | 613.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 45258 | 1 |
View Market Depth
| Last trade - 15.33pm 03/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
0.003 ( 6.90 %) |
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| Open | High | Low | Volume | ||
| 2.8¢ | 3.1¢ | 2.8¢ | 235438 | ||
| Last updated 15.33pm 03/05/2024 ? | |||||
| ZNO (ASX) Chart |