Price chart tells me this is one BIG trading range. Support looks to be at about 8c, resistance at 25c. Lower levels of support are at around 12c.
Current price action at 15c looks like it may retrace to lower levels of support, which could be an opportunity to top up.
Price swings often move wildly from fundamentals of a company all the time and it is especially common with microcaps. What seems like a cheap and heavily undervalued stock like ATP can be come even cheaper and undervalued for a significant time until Mr Market decides to close the gap.
Frequent, positive news flow would do wonders for this one, however until that happens, the SP may bounce around for a while.
ATP Price at posting:
15.3¢ Sentiment: Buy Disclosure: Held
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