One cause of selling could be the escrowed shares that released a few weeks back. If that's the cause of the selling then at some point the selling will just dry up and the share price will pop. A piece of good news that assists trading volumes would help clear any escrow backlog.
There could also be some scared retail investors from the price performance of companies like CXO that have decided to exit their lithium holdings. If they have decided to sell CXO at its current price, they are basically prepared to accept any price and that's never good for the share price - until it clears. Again the volume of sellers that ignore value and just want out should be limited.
One cause of selling could be the escrowed shares that released...
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Last
7.4¢ |
Change
-0.005(6.33%) |
Mkt cap ! $23.81M | |||
| Open | High | Low | Value | Volume |
| 7.7¢ | 7.7¢ | 7.3¢ | $65.53K | 891.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93780 | 7.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.4¢ | 26554 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
7.4¢ |
Change
-0.005 ( 1.33 %) |
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| Open | High | Low | Volume | ||
| 7.5¢ | 7.5¢ | 7.3¢ | 95524 | ||
| Last updated 15.56pm 14/06/2024 ? | |||||
| GT1 (ASX) Chart |