I get that the announcement was negative and indicated harsher conditions and a likely downgrade in revenue and earnings. However, there was still minor positives addressed to soften the moderate negativity. An 18% drop on a CEO not revealing any financial data is indicative of an inefficient market. When the demand and supply levels out the price must return to somewhere midway between the $12-15 mark in the short term.
APX Bottomed out at $12., page-18
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Last
76.5¢ |
Change
-0.015(1.92%) |
Mkt cap ! $170.5M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 82.0¢ | 74.0¢ | $16.84M | 21.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10668 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.5¢ | 23269 | 4 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| APX (ASX) Chart |