Nothing as a company, but maybe a lot from an investment perspective as an part of the broader speculative asset class with crypto being the largest and most widely traded speculative asset. The correlation between price movements in IMU and Ethereum from the covid sell off in 2020 to around march 2023 is pretty uncanny. IMU has since diverged from ETH/BTC, but maybe over the last 5 ish weeks IMU is benefiting from the speculative tail winds??
Correlation of course does not equal causation so obviously fundamental changes to IMU will move price independently of the sentiment in speculative assets, but positive developments will be amplified in times of risk off speculation.
IMUGENE CHART. TA only, page-26959
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Last
6.7¢ |
Change
-0.002(2.90%) |
Mkt cap ! $490.4M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.1¢ | 6.7¢ | $1.445M | 21.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 2363454 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 14705 | 1 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
6.8¢ |
Change
-0.002 ( 1.59 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.1¢ | 6.7¢ | 9797879 | ||
| Last updated 16.01pm 22/05/2024 ? | |||||
| IMU (ASX) Chart |