It took 5 weeks for price to drop from $1.50 to current 91c.
Shorts have increased during that time.
If a CR is on the cards like I have been alluding to for months not only do the shorts get to close out positions with a guaranteed exit price. They then get to reload with newly acquired shares from any raise and continue shorting.
50c or lower is most definitely a possibility if the above plays out.
When it’s time to buy this again - you won’t want to.
Cheers
DYOR IMO
It took 5 weeks for price to drop from $1.50 to current...
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Last
95.5¢ |
Change
-0.015(1.55%) |
Mkt cap ! $2.315B | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | 97.5¢ | 94.5¢ | $12.43M | 12.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 81419 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 3225 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |