So what's happening here?.
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Yes some unusual play happening, first was drop to 11, then when it looked liked it is back, went to 21.5, pushed down to 15.5. So what is happening? I don't know. For me, I feel its not worth speculating as we will never know what is driving this. We all know most Li stocks made bottom in first week of February, we als0 did that. So nothing unusual. Some may feel we dropped more than others - valid point but sometimes not unusual. Some get big swing because of individual action rather than collective, especially in small to mid caps. So at this I am not really thinking much about it.
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From a weekly perspective, loss from 18.5 to 16. Couple of big volume days, signs of someone exiting. Does it mean weakness and further drop? Possible. But lets look if there has been any adverse news for GT1 - not really. So how will it perform? Maybe play how Li sector is playing, and other Li stocks. But next few days will tell if there is another story.
For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
Here is the report for this week.
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-72923644
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Last
5.8¢ |
Change
-0.004(6.45%) |
Mkt cap ! $18.66M |
Open | High | Low | Value | Volume |
6.1¢ | 6.2¢ | 5.8¢ | $23.22K | 385.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35311 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 200801 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35311 | 0.058 |
1 | 9000 | 0.057 |
1 | 10000 | 0.054 |
1 | 5000 | 0.053 |
1 | 100000 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 200801 | 2 |
0.063 | 1906 | 1 |
0.066 | 7575 | 1 |
0.069 | 100000 | 1 |
0.070 | 50000 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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