The run from 0.90 to 1.25 that took weeks to form has been completely wiped out in one morning.
The section of the announcement which possibly spooked the market actually presents a silver lining. That is, a focus on the core units of the business while downsizing the loss making entities.
I doubt it will head back to 0.40, but the market is a battlefield.
Someone pointed out a large holder got out. Considering it traded well for the first hour is an indication that was likely the case.
Ann: Trading and Strategic Review Update, page-69
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Last
88.0¢ |
Change
-0.020(2.22%) |
Mkt cap ! $331.0M | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 89.0¢ | 87.0¢ | $229.1K | 260.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2533 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 21604 | 11 |
View Market Depth
| Last trade - 11.07am 25/07/2024 (20 minute delay) ? |
| EML (ASX) Chart |