It seems to me that many investors interested in BRN were also not interested in catching a falling knife.
The short speculators were very successful in lowering BRN's price by very tactical selling. And they appeared to have made a profit. It will be interesting to see how many took cover last week. They may even try to repeat their strategy.
At this stage there appears to be a buy signal in the chart and the investors waiting on the sideline are jumping in.
There is even a greater number of investors that still consider BRN a story stock. Some won't be tempted until BRN announces a material contract. Others will wait for revenue. Others will wait for profit. Still others will wait for a history of profit.
I am very happy with my BRN investment, the tech seems well accepted and is certainly in the right area with a huge prospective market. I don't know of any real competitor to BRN and the market cap is still less than USD $500M with a relatively tight shareholder base. We live in interesting times.
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $380.4M |
Open | High | Low | Value | Volume |
21.0¢ | 21.3¢ | 20.5¢ | $221.3K | 1.056M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 1231546 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 796473 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
46 | 1213415 | 0.205 |
80 | 1674943 | 0.200 |
36 | 1341408 | 0.195 |
42 | 1240718 | 0.190 |
28 | 1025719 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 797127 | 23 |
0.215 | 976427 | 17 |
0.220 | 704453 | 22 |
0.225 | 737354 | 16 |
0.230 | 1080741 | 24 |
Last trade - 10.54am 08/07/2024 (20 minute delay) ? |
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BRN (ASX) Chart |