I'm sure the trade volume is due to day traders. The price is so low the minimum movement is 20 - 30 %.
Day traders think they can make sustainable profits from reading tea leaves (chart analysis) without considering the company profile and performance. It's sophisticated gambling.
Admittedly, the last buy I made was a gamble, trying to leverage a gain off the low price. Then there was another raise and the price hasn't recovered above 0.0003.
ASIC misconduct report, page-17
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 (20min delay)
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.175M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 62500 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 541030 | 4 |
View Market Depth
| Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
| AQX (ASX) Chart |
Day chart unavailable