The shorters are caught in a trap. They don’t want to buy to cover as this would risk increasing the sp but they can’t afford to let the price loose because every cent increase equates to a loss or decrease in profit of $400k. Each time news drops pushing up the price they get increasingly desperate. At some point (hopefully soon) the music will stop.
The shorters are caught in a trap. They don’t want to buy to...
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 (20min delay)
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Last
1.6¢ |
Change
-0.002(11.1%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.5¢ | $797.4K | 49.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2397883 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 2031381 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |