Not being able to stick to a deadline or silence from management isn't the reason for the drop. They were like that prior to drilling commencing and that was 4 months overdue.
The results (which are very poor) coupled with GC SELLING his shares is most likely the factor for the drop. You add on day traders and those caught in the pump selling off after demand has dropped and you get this result.
*Bear in mind that however high the %, if it's very thin like what LRS has here, it is a POOR result
Highly overvalued, page-49
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Last
19.3¢ |
Change
-0.003(1.28%) |
Mkt cap ! $539.2M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.5¢ | $1.284M | 6.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 913287 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 1608195 | 14 |
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| Last trade - 14.31pm 01/11/2024 (20 minute delay) ? |
| LRS (ASX) Chart |