People taking profits most likely. Everyone has their targets. If someone makes 25% and is happy with that, they can sell and reinvest elsewhere (or buy the next dip). I did it earlier at 35c (before today's announcement unfortunately) to cover my initial investment and am now free-holding.
There's still a high degree of risk despite being significantly derisked lately (from a cash funding POV and legitimisation that the tech works). We need sales traction so I can't blame people selling. IMHO though, I do believe the trend will continue upwards in both the short term with a few more announcements yet to come (chip testing + Tensor) and long term (contracts/partnerships with $$$ attached).
Ann: Vorago Technologies Collaboration, page-162
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Last
19.5¢ |
Change
-0.020(9.30%) |
Mkt cap ! $382.6M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 19.5¢ | $3.501M | 17.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 601346 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 272894 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |