This one has fundamentals going for it. It has been the best growth story in its sector in financial measures over the past 2 reporting periods - do some research.
Nothing wrong with low volume stocks when the financials and outlook is top in their sector. Authors of TA books that are too lazy to do fundamental research talk about low liquidity stocks as a no no. They talk out of their backsides.
Examples? Look at charts of these AS JUST A FEW and their sectors and then look at and consider their 'pathetic' daily volumes and then think about it - I urge everyone to do it and then ask yourself "why did they go up that much"? I know why and it isn't rocket science !!! If you want to know then ask and I will tell you.
A lot of (if not most !!!) the best performers in terms of financials/fundamentals and price appreciation in every sector have low volumes.
WAT - Consumer Durables and Apparel / Leisure products
GAP - Consumer Durables and Apparel / Textiles
GUD - Consumer Durables and Apparel / Household Appliances
SAQ - Hotels Restaurants & Leisure / Leisure Facilities
FAN - Retailing / Specialty Stores
ABB - Food Distributors
SHV - Agricultural Products
NZO - Oil Exploration & Production
TRG - Asset Management & Custody Banks
HHL - Asset Management & Custody Banks
EZL - Investment Banking and brokerage
DUI - Multi Sector Holdings
COU - Specialised Finance
PRY - Health Care Services
KOV - Building Products
HNG - Industrial Conglomerates
COS - Trading Companies & Distributors
CCP - Diversified Commercial Services
CRU/CND - Employment Services
NBL - Retail
and many many more... these are JUST A FEW in some sectors.
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Last
36.0¢ |
Change
-0.005(1.37%) |
Mkt cap ! $83.98M |
Open | High | Low | Value | Volume |
37.5¢ | 37.5¢ | 36.0¢ | $821 | 2.235K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 31606 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 0.370 |
1 | 7300 | 0.365 |
4 | 152271 | 0.360 |
2 | 1704 | 0.350 |
1 | 5000 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 31606 | 2 |
0.400 | 11811 | 3 |
0.410 | 16013 | 2 |
0.420 | 1350 | 1 |
0.430 | 327266 | 1 |
Last trade - 11.34am 15/07/2024 (20 minute delay) ? |
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NZO (ASX) Chart |