IMC 1.11% 8.9¢ immuron limited

Going off the volume last night on the Nasdaq - around 234k - on...

  1. 3,612 Posts.
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    Going off the volume last night on the Nasdaq - around 234k - on an average volume of 10m (yes offset by the large volume days but shows the minimal amount of shares taken to push it down 6% - This stock is getting extremely tightly held and will fly on the back of a good announcement, I think any entry round these levels is reasonably safe,
    And yes it may go back and fill the gap to try flush out any short term holders, but with military funding, cap raise at a now almost 100% premium to the current price as well as pending FDA approvals and the Coronavirus left field ann (which could be an absolute game changer) Any fill of the gap should see a large increase in volume adding to the illiquidity here, 6 month hold, if it doesnt bounce within those 6 months i would be amazed IMO.

    https://hotcopper.com.au/data/attachments/2343/2343235-46e4bf0a01c100aa8f5f2182b22bb309.jpg

 
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Last
8.9¢
Change
-0.001(1.11%)
Mkt cap ! $20.29M
Open High Low Value Volume
9.0¢ 9.0¢ 8.4¢ $45.15K 511.7K

Buyers (Bids)

No. Vol. Price($)
2 39502 8.7¢
 

Sellers (Offers)

Price($) Vol. No.
9.0¢ 33333 1
View Market Depth
Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
Last
8.9¢
  Change
-0.001 ( 3.26 %)
Open High Low Volume
8.7¢ 8.9¢ 8.7¢ 88447
Last updated 13.34pm 10/05/2024 ?
IMC (ASX) Chart
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