To me, dumbing it down, it just looks like there is little demand for this stock for too many reasons.
Some exiting for their own reasons. Some unhappy as company has not met ANY significant expectations. General negative share market sentiment. Some stops being activated. Downward spiral.
Management need to come out and address this recent devaluing of the company.
There is a bit of arrogance here. I feel maybe the top 20 investors are kept up to date with progress, however everyone else is in the dark.
Confidentiality is the only reason I can think of for lack of disclosure and updates on anything.
They need to do this better.
Q. Is the current price in takeover territory?
Q. Is the current price manipulated for another big investor to enter?
Q. If the latest raising was so bad, and it has contributed to this slide in company value, who is going to step down.
Just my thoughts. Happy to share and be wrong.
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Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.55M |
Open | High | Low | Value | Volume |
4.7¢ | 4.8¢ | 4.6¢ | $2.187K | 47.20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 237655 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 107191 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 237655 | 0.046 |
2 | 59716 | 0.044 |
1 | 85000 | 0.041 |
1 | 40000 | 0.040 |
1 | 30000 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 44000 | 1 |
0.048 | 56855 | 1 |
0.049 | 76640 | 3 |
0.050 | 113872 | 3 |
0.051 | 50000 | 1 |
Last trade - 15.46pm 06/09/2024 (20 minute delay) ? |
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FGR (ASX) Chart |