The momentum (from good news/announcements/MC buying) combined with illiquid shares on market which carried it up has not only stopped but turned into negative/no news/MC tapped out &/or happy now at 5% and lack of new buyers in a market spoilt for choice.
You need to remember the IPO was at 20 cents & with shares picked up around if not lower than that on market, a lot of people sitting a reasonable sum & return.
So this is not a unique situation and 64 cents then 54 cents could be on the horizon but I expect this to be a blip in the scheme of things if it is an investment versus trade.
The momentum (from good news/announcements/MC buying) combined...
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $2.808M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $4.935K | 221.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130000 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 154726 | 1 |
View Market Depth
| Last trade - 11.59am 02/09/2024 (20 minute delay) ? |
| PFT (ASX) Chart |