A simple case of supply indigestion.
162m shares and 81m unlisted options were issued today. Whether this stock overhang is real or perceived, we are going to need to see some time elapse (and stock to be traded) before we get back to a demand/ supply balance.
To those concerned about the short term implications I say: turn off your screens. No amount of moaning or cussing is going to change this dynamic. Simply remember why you bought this stock in the first place. This has many cycles to endure before the benefits of the Finniss resource are truly reflected in the share price.
Be patient, and perhaps accumulate some more on overdone weakness.
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Last
9.2¢ |
Change
-0.001(1.08%) |
Mkt cap ! $196.5M |
Open | High | Low | Value | Volume |
9.3¢ | 9.5¢ | 9.2¢ | $664.8K | 7.125M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1511168 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1511168 | 0.092 |
29 | 1883052 | 0.091 |
61 | 3442183 | 0.090 |
15 | 1041411 | 0.089 |
20 | 1276855 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 200000 | 1 |
0.094 | 87767 | 4 |
0.095 | 644740 | 9 |
0.096 | 790213 | 14 |
0.097 | 846352 | 10 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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