IMC 0.00% 10.0¢ immuron limited

IMO only, I believe the share price 'tanking' is a consequence...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 120 Posts.
    lightbulb Created with Sketch. 5
    IMO only, I believe the share price 'tanking' is a consequence of poor NASH results. Again, IMO it all seems to point to pre-market announcement sell off. Lets face it, people are in the 'know' and the history of IMC announcements clearly shows us that we get a positive announcement quickly followed by a negative one.
    Conversely and more recently, we saw 'on-market buys' by directors just prior to a dramatic share price plunge. Why? Looks like a strategy to instil confidence into the market. Perhaps those NASH results are imminent?
    Having said that, this company has a blockbuster IP and they will be worth mega-bucks in the future, there's little doubt about that, albeit that SH will have to sit this out for a bit longer than anticipated. I'm happy to wait.
 
watchlist Created with Sketch. Add IMC (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
0.000(0.00%)
Mkt cap ! $22.79M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 50000 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.0¢ 51067 1
View Market Depth
Last trade - 16.12pm 03/10/2024 (20 minute delay) ?
IMC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.