I will give you the example of CER which fell from $2 to ~ $1 then started falling again all the way down to ~2c. Those that bought at 25c then 15c then 2.3c all made bonanza gains when they went back to $2.00. I know as I bought at all of those prices and ALL were low compared to the NTA minimum of 44c.
For those that have never experienced a bear market prices can go way way lower than you believe is possible. The go lower again. Then go lower again.
Main reason is risk off and few buyers on tiny volume.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-31
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $126.8M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $12.78K | 116.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 777583 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 130325 | 5 |
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| Last trade - 11.29am 20/06/2024 (20 minute delay) ? |
| LIN (ASX) Chart |