In my opinion, more than than anything it seems investors hoping for a quick buck were sorely disappointed and there was a fair amount of anger selling coupled with the general market conditions.
Management do need to take some of the responsibility for the SP tanking due to the shock announcements happening in relatively quick succession. There are legitimate concerns they need to address around those announcements... namely the abrupt removal of the CEO and revised guidance after reconfirming it only some weeks earlier.
With that said, this is a business that is still profitable and experiencing significant growth with the future looking very bright.
I bought in last week when it dipped and will be looking to add more whilst it's still low. Just a little bit more patience required with this one in my opinion.
In my opinion, more than than anything it seems investors hoping...
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Last
3.4¢ |
Change
-0.004(10.5%) |
Mkt cap ! $41.31M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.3¢ | $48.94K | 1.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 189760 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 102319 | 1 |
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| Last trade - 15.41pm 04/10/2024 (20 minute delay) ? |
| AMS (ASX) Chart |