In case you haven't noticed most small caps have been sold down significantly in the past 2 weeks.....PRU good example when there is a lot of takeover speculation around on that one.
This is not stock specific, it is people exiting small cap mining/oil companies which had run up significantly over past 6 months. MEO is just feeling the impact of that.
Volumes today are also quite low at under 3m.
Everyone knows the news is coming....just a matter of timing. Some people think it is days away, others weeks.
Current mvmt is traders trying to make a quick buck.
In case you haven't noticed most small caps have been sold down...
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