Again I wouldn't look too much into low volume in a downtrend post a very loose raise. Also most sophs don't believe in companies, you get cheap placement and you sell for profit and you move to the next. Make money and move on.
Also there's a heap of trapped volume above 10c+. Retail were the main buyers up there. Wouldn't be surprised to see further capitulation as they continue to see red.
Not trying to dishearten you. This is how botched the raise was, minus the potential of the company. You want the right conditions for the share price to go up. I don't see it here unless there's a catalyst to bring in demand again.
General Discussions, page-207
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Last
12.0¢ |
Change
-0.010(7.69%) |
Mkt cap ! $304.9M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 11.5¢ | $1.263M | 10.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1431499 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 571825 | 7 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.010 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 12.3¢ | 13.0¢ | 11.5¢ | 4186495 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| RNU (ASX) Chart |