Because this is an early stage company whose business model is not exactly clear and whilst it has significant promise it probably got a bit ahead of itself share pricewise. So now we have a period of absence of catalyst and underwater and profittakers ( who regret missing the high ) feeding supply. On the volumes I am not that concerned and am adding small parcels to replace those sold higher.
Whereas NEA is reacting to their (finally) US growth ( and a fair bit of support from Motley) and I would suggest is also getting a little bit ahead of itself in pricing.
Stocks always overshoot in both directions as a rule. Is this the bottom, I don't know but doesn't seem much selling down here.
All IMO.
Any news out there?, page-9
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Last
6.5¢ |
Change
-0.002(2.99%) |
Mkt cap ! $52.32M | |||
| Open | High | Low | Value | Volume |
| 6.5¢ | 6.7¢ | 6.5¢ | $9.618K | 146.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 141231 | 6.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.7¢ | 142331 | 2 |
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| Last trade - 15.33pm 16/08/2024 (20 minute delay) ? |
| 3DP (ASX) Chart |