IMO, it is because the market is (finally) realising that it could be years before WZR is actually profitable
Their loan book is way too small - so whilst they are again now growing loan originations faster than the loan "run-offs", there is a long way to go before they reach the scale required
Which is unlike some of their peers like PLT & MME
Plus, based on their constant issuing of free shares (& shares with ridiculously low performance / share price hurdles) to management, IMO significant trust has been eroded in this current "leadership group"
It certainly appears that from time to time, the share price will probably ramp up for a couple of weeks for them to receive their massive amount of "free shares" - only to then drift down again as the market realises that not much has changed
For full disclosure, I was a long term holder & believer in WZR, but unfortunately I lost confidence in them over a number of years
Hope that helps!!
WZR Price at posting:
3.3¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)