Unfortunately, looking at the trading action, it appears that SYA's stock price remains firmly in the hands of market makers and institutional bots, with everything pointing to a push down to lower prices.
Maybe there are just no more retail investors interested in SYA at any price; the "addressable" group of retail investors for Lithium stocks that are have already purchased and are sitting in the red so reluctant now to buy more. I bought in at 4.1 after the ramp-up to production was finally confirmed, thinking it was a good purchase. Yet now, I am a breath away from a 10% loss at 3.7 cents.
So, in my humble opinion, the price is presently irrational, but the market is irrational, and countless words have been wasted on the fact that market can remain irrational for a long time.
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|||||
Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $422.0M |
Open | High | Low | Value | Volume |
4.3¢ | 4.4¢ | 4.1¢ | $1.050M | 25.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 10275044 | 4.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 1610245 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
52 | 10275044 | 0.041 |
104 | 13238570 | 0.040 |
48 | 9625258 | 0.039 |
35 | 9976492 | 0.038 |
28 | 4395413 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 1610245 | 10 |
0.043 | 4478684 | 17 |
0.044 | 4007364 | 20 |
0.045 | 7588193 | 38 |
0.046 | 5139372 | 32 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
4.1¢ |
  |
Change
-0.002 ( 4.65 %) |
|||
Open | High | Low | Volume | ||
4.3¢ | 4.3¢ | 4.1¢ | 14886244 | ||
Last updated 15.59pm 05/06/2024 ? |
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SYA (ASX) Chart |
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