I dont think its anything more than traders taking profits, and why wouldnt you? It has increased by more than $1ps since the start of the year. Remember this stock was $4.50 approx 6 weeks ago. There arent too many stocks out there that have had good returns like this.
Not to mention the small share base means big swings.. Both ways.
I dont doubt stop loses have been triggered over the last 2 days as well.
Ive said it before, and I'll say it again. The fundamentals havent changed... Well they have... we have no de-risked Brazil, imo of course.
Congrats to everyone cashing out for a profit, but this gravy train is just starting to leave the station.
(I've ridden this baby from low 2's back to high 12's and back down again, without selling (hindsight is always nice) .. and all this was just off Poisiden, yes the market has changed, but now we have confirmed Gas AND Oil in 2 seperate sites)
Spare a thought for all the shorters that have been burnt over the last 6 weeks... (let them burn)
... Now we just need webby to come tell us how its a dud stock.
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Last
$1.51 |
Change
-0.085(5.33%) |
Mkt cap ! $1.211B |
Open | High | Low | Value | Volume |
$1.59 | $1.59 | $1.49 | $11.13M | 7.334M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19893 | $1.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.51 | 140180 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1250 | 1.585 |
1 | 5000 | 1.520 |
3 | 6350 | 1.510 |
1 | 650 | 1.505 |
2 | 2600 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.465 | 48 | 2 |
1.490 | 1048 | 1 |
1.510 | 16842 | 1 |
1.515 | 1000 | 1 |
1.520 | 18916 | 3 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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KAR (ASX) Chart |