You forget there are people waiting on the sidelines who would take advantage of such a dip below fundamentals. Notice how the floor got stronger at 12c and the volume is now just getting absorbed?
Don't misunderstand me, of course it could drop to 6c but I can imagine there would be a far larger amount of people willing to shuffle capital around at such a MC and counterbalance anything traders do. For now people are pretty content to let traders do what they want because it presents opportunity for those of us who like a long term investment cheap.
You forget there are people waiting on the sidelines who would...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $62.12M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $29.01K | 233.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 610214 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 724598 | 6 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AW1 (ASX) Chart |