The price at 7.5c was probably the bottom as the last of the sellers capitulated.
When that happens it means sentiment has turned.
When a stock rises quickly for no reason it probably means that somewhere an analyst has recommended the stock to clients or perhaps it's had a mention in the news as a hot prospect. There is progress towards FDA approval and other developments that are always in the background.
Ann: Response to ASX Price Query, page-8
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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $183.7M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $30.33K | 137.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 20823 | 3 |
View Market Depth
| Last trade - 13.34pm 16/07/2024 (20 minute delay) ? |
| OIL (ASX) Chart |