The volume that traded at 12.5c is not small....looks like committed seller/s
~1m shares traded at 12.5c and 1.6m today so someone offloading by the looks of it (although still a decent number of buyers to soak up any selling at that level)
Can't see any change in the sentiment around this stock until they announce a decent contract (telstra or other)........another 16-20m in revenues in 2H24 is not going to change the economics of this company (still likely to be EBITDA, PBT & possibly even cashflow negative).
Mal is going to have to deliver something other than another regular half to get confidence back into this stock and change the trajectory of the price.
The volume that traded at 12.5c is not small....looks like...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.63M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $33.66K | 258.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5339 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 239000 | 3 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| AVA (ASX) Chart |