A lot of the buying was from retail traders buying on FOMO. You need investors buying based off fundamentals with a long term perspective. The market cap @ 8c for the NPV is just about right. I don’t see the share price moving upwards now without some news.
I was hoping the support around 8c would be enough for a bounce but the selling pressure is just too much.
General Discussions, page-81
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Last
8.7¢ |
Change
-0.001(1.14%) |
Mkt cap ! $221.1M | |||
| Open | High | Low | Value | Volume |
| 8.8¢ | 8.8¢ | 8.6¢ | $171.0K | 1.968M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 493054 | 8.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 162199 | 2 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| RNU (ASX) Chart |