The drop is completely predictable. 7 million shares were listed late last week, all purchased for $0.725. I fully expect that half or more of these were bought for a quick turnover of 15-20%. Not bad for 2 weeks investing!! Once these discounted shares are through the system, it should move upwards again, particularly with upcoming announcements and approaching PFS.
IMHO
BE
The drop is completely predictable. 7 million shares were listed...
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $91.85M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 45.5¢ | $23.69K | 52.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9327 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 4546 | 1 |
View Market Depth
| Last trade - 15.40pm 26/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |