All the markings of a bear raid. Lithium prices low and no material news means no buyers. The dilution meant more shares available for sale. Suddenly you get non-holders coming along saying shite. When they want this cheap and nasty, sell side will stack up like zombies beyond the wall. Buyers will be scared away and hide in the shadows. When it's time to reverse, the opposite will happen. Seen this move many times. Just a matter of time before the sell side supply will be exhausted.
Lookit, the company does not have corporate debt, has some cashflows to pay the rent, rocks are still save in the ground. Unless the boss is leaving or selling, this has huge leverage to commodity price upswing. When will that happen, who knows?
DVP Technical Analysis, page-1894
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Last
$1.99 |
Change
0.105(5.57%) |
Mkt cap ! $513.5M | |||
| Open | High | Low | Value | Volume |
| $1.95 | $2.05 | $1.94 | $2.325M | 1.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1530 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 3984 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| DVP (ASX) Chart |