The events leading up to the recent price capitulation in my view are linked to the capital raise. In my opinion the investors have chosen to de risk; already have a significant exposure to SHN. Announcements triggered the buying and selling and I am trying believe that this was not a staged de risk but I keep looking at the market action and the assets. Are the assets still high quality? I would surprised if there is not positive news to come that would make the last week a blip. My thought is that from the mid 2c range is an excellent consolidation price.
The events leading up to the recent price capitulation in my...
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Last
2.0¢ |
Change
0.002(11.1%) |
Mkt cap ! $31.75M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.9¢ | $67.24K | 3.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 300000 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1121686 | 5 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
0.002 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 2.0¢ | 1.8¢ | 872858 | ||
| Last updated 15.57pm 17/05/2024 ? | |||||
| SHN (ASX) Chart |