Today SP action reinforces my previous belief that Mr Market views ZNO as an almost pure covid-19 stock only. Speculative part of this stock has been over for some months and not even this great announcement can turn the sentiment around. Hence this makes the job of manipulators and shorters easier (will find out tomorrow about today's shorting activities).
As with another micro stock I hold, ZNO have to prove to the market by delivering solid revenue and profits to regain Mr Market's confidence. Hence expect boring SP movement until first half result is out in February. Just IMO.
Today SP action reinforces my previous belief that Mr Market...
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Last
2.9¢ |
Change
-0.001(3.33%) |
Mkt cap ! $10.24M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.9¢ | 2.7¢ | $3.306K | 116.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300000 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 111097 | 3 |
View Market Depth
| Last trade - 11.53am 30/07/2024 (20 minute delay) ? |
| ZNO (ASX) Chart |