It would be nice but I highly doubt it based on only the small re-emergence of shorts.
Shorts are low as there is not a lot of optimism with MM at the wheel and BITs poor ability to keep investors informed
Long term holders seem to want out of this for good apparently given the genuine selling over the last year and as can be evidenced by the downward sloping price/company value curve below
Given the delay of the C19 compound testing results and the lack of reassurance by MM...a mediocre announcement is expected once again...rapid selling may come if the market loses more hope that any commercial deal is achievable in the near or distant future
chart daily, page-1557
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 (20min delay)
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Last
5.4¢ |
Change
-0.001(1.82%) |
Mkt cap ! $49.62M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.4¢ | $2.809K | 51.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 56732 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 138690 | 2 |
View Market Depth
| Last trade - 11.32am 06/06/2024 (20 minute delay) ? |
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Last
5.5¢ |
Change
-0.001 ( 1.79 %) |
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.5¢ | 5.4¢ | 66492 | ||
| Last updated 11.51am 06/06/2024 ? | |||||
| BIT (ASX) Chart |