You are absolutely right @ndp_2010. I have been following the trading pattern. You can clearly see very small trades dropping the share price forcing loose hands to sell. People who do not have holding power or who fear further fall of course takes the exit. Disappointing but that is the market.
People who sold at higher prices ideal time to re-enter I think. RNU fundamentals remain strong and now with cash in the bank story is even better.
Below is a snapshot of ASX volumes since the CR. Volume is dropping off and I still think that people who bought under 2 cents still selling and may be a small percentage selling at a loss - we will never find out I guess.
PC
General Discussions, page-202
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 (20min delay)
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Last
11.5¢ |
Change
0.015(15.0%) |
Mkt cap ! $292.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 12.0¢ | 10.3¢ | $963.5K | 8.821M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1099693 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 478802 | 10 |
View Market Depth
| Last trade - 11.09am 15/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
0.015 ( 14.3 %) |
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| Open | High | Low | Volume | ||
| 10.3¢ | 11.8¢ | 10.0¢ | 2415137 | ||
| Last updated 11.26am 15/05/2024 ? | |||||
| RNU (ASX) Chart |