The February drop was due to macro factors. At times, when the NASDAQ sneezes, the ASX small caps $%#$ the bed. You will see similar action on many ASX small caps at this time
May to August you somewhat have a point, but it was trading within a range with increases and decreases that are also comparable to other ASX small caps. Due to COVID etc, small caps have been fluctuating much more than we have seen in the past.
Look at the volume currently being traded on this stock, it is well above average. You would be betting that that demand will dry up within the next 2 weeks? Right before the EGM, and we list on the NASDAQ? Personally I find it hard to believe, due to recent returns IHL is starting to show up everywhere, including local TV. Goodluck with your charts, that you're watching an ASX small cap from the US tells me all I really need to know, and already knew
The February drop was due to macro factors. At times, when the...
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