Compared with the dump on the 14th of 19mill this was considerably weaker at only 7.6mill with very little follow through (not inc chix). Accumulation total of over 40mill in a 5 tick range since then is also very encouraging.
Like you say trading at prices just over cash backing is really putting a floor under this and its also being highlighted with the sell volumes reducing- pointing towards an exhaustion point.
Next week reveals all but lower volumes again should reveal stock at these levels finally drying up as they go into hands of new long termers who are looking for 7-8c inside 12 months.
Time for a reversal and a few timely ann showing new management are moving forward!
Compared with the dump on the 14th of 19mill this was...
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $7.923M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.226K | 1.116M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 92468918 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 76402411 | 25 |
View Market Depth
| Last trade - 12.50pm 06/09/2024 (20 minute delay) ? |
| AVE (ASX) Chart |