I think your last couple of comments have summed it up well. The US market, and some parts of the ASX, have been overheated for quite a while. What we are seeing is correction rather than crash, as investors spooked by inflation and interest rate increases look for companies with more realistic paper values and trading figures. A lot of ASX spec stocks have copped it in the throat this year for similar reasons. In this environment, I think ADN's decision to go with a conservative baseline DFS was the right one.
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Last
2.1¢ |
Change
-0.002(8.70%) |
Mkt cap ! $65.31M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.1¢ | $163.8K | 7.481M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 584999 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 938291 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |