80% of 29M shares are owned my top 20% shareholders. It means one big shareholder can manuplate the market by shorting at these levels and creating a fear in the market. Flooding news was announced on 15th march and it was expected that it will not run for next 4 to 6 months. Last 2 days of action is totally due to short traders activity. It will bounce back hard back to $1mark in next couple of weeks in my opinion. Once these short sellers start closing their positions.
Ann: Strategic Update, page-54
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $256.1M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.5¢ | 36.5¢ | $476.5K | 1.277M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 115949 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 155925 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| 29M (ASX) Chart |