I find it fascinating everyone is focusing Friday's price drop.
To my mind, there is absolutely nothing remarkable or surprising about it at all. This is a company with a market cap of over $1.1 billion with no meaningful revenue and is operating in a ferociously competitive sector.
What IS remarkable is how BRN managed to achieve its current share price in the first place, let alone rise to over $2 at one point.
In my view the price rise was driven largely by vulnerable and gullible retail holders falling for the wild speculation posted by promoters/pumpers on BrainChip Facebook groups, reddit, stockmarket forums, Telegram groups, LinkedIn, Twitter etc and believing this is their ticket to untold wealth.
I find it fascinating everyone is focusing Friday's price...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.5¢ | $656.1K | 3.281M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 364081 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1348618 | 18 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |