Looks like my fears yesterday about this going below $1 will be realised sooner than thought. Glad I made the tough decision to get out yesterday due to undue risk.
I have found that when the market doesn't believe in the management or company and/or the company on multiple occasions fail to deliver what is promised, then a stock gets sold down hard and fast (potentially even oversold). It's a downward spiral as it then gets more dilutive to raise more capital or harder to get debt funding and the cycle down continues, despite the fact that the company might have otherwise had great future had things gone the right way
Good luck to ongoing holders. Hope you continue to assess based on your risk tolerance and your portfolio construction.
Ann: Successful A$15 million placement and launch of SPP, page-49
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Last
$1.21 |
Change
0.015(1.26%) |
Mkt cap ! $233.4M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.22 | $1.16 | $423.5K | 356.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3466 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2589 | 7 |
View Market Depth
| Last trade - 14.18pm 19/11/2024 (20 minute delay) ? |
| EOS (ASX) Chart |