I think we are seeing what is not there, and what’s actually there we are not seeing. No apparent reason for a drop from $1.20 to 73c, if Q1 was not good, why it appreciated 25% in a day. Furthermore a guidance was reconfirmed and contracts were won after guidance confirmation. I sense no bad news, it is just a tactic to buy your shares cheap, look for a quick reversal before the Q2 report or even a TO or merger.
Apparently looking at a order book, buying $100k worth of shares can quickly bounce a price to 90c plus. So, $100k can change a mar cap in multi millions. I will be worried if there is a large volume sell with a negative news, not a case here.
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I think we are seeing what is not there, and what’s actually...
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Last
$3.06 |
Change
0.060(2.00%) |
Mkt cap ! $806.1M |
Open | High | Low | Value | Volume |
$2.95 | $3.10 | $2.91 | $1.478M | 490.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 750 | $3.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.07 | 3770 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1511 | 3.050 |
3 | 4374 | 3.040 |
6 | 8107 | 3.030 |
2 | 9234 | 3.020 |
2 | 1511 | 3.010 |
Price($) | Vol. | No. |
---|---|---|
3.070 | 3917 | 6 |
3.080 | 3360 | 10 |
3.090 | 6811 | 6 |
3.100 | 15171 | 4 |
3.110 | 2503 | 3 |
Last trade - 13.40pm 18/11/2024 (20 minute delay) ? |
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Will Souter, CFO
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