I think this is why the price has fallen to where it is now on miniscule volume. Existing holders that elected to take DRP at $0.25 have no need to buy on market, new buyers waiting until after the issue for the opportunity to pick up any cheap sales etc. A good announcement this week would assist to deter any sellers and hopefully bring in some new buyers. IMO ***ong presents a significant opportunity for those with cash and a 2-3 year outlook. Hopefully the escrowed holders stay put.
I think this is why the price has fallen to where it is now on...
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $4.863M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $12.04K | 1.204M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1058192 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 413300 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
1.0¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 1.0¢ | 4400 | ||
| Last updated 12.48pm 24/05/2024 ? | |||||
| ION (ASX) Chart |