The fall was triggered by people selling in greater volumes and at lower prices than buyers were willing to buy at!
The reasons behind this...... well anyones guess really!!
I suspect there was some selling into the news within the last TH having taken up a prior position. There was also likely to be some selling for CGT losses.
I also suspect selling into news of some longer term holders to capitalise gains (from 0.5c SP levels)
The 3 of the above combined potentially triggered stoplosses forcing additional selling pressure and investors got caught up with selling scenarios mentioned above and panic.
A spiral of sh!te developed but hopefully a little bit of stability is now evident!
That's my thinking and opinion behind the recent SP activity anyway as I cannot see any change in fundamentals that would lead to what we saw...
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.319M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $700 | 46.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 33332 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 167011 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33332 | 0.015 |
3 | 388451 | 0.014 |
1 | 400000 | 0.013 |
3 | 294995 | 0.012 |
7 | 1010451 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 167011 | 4 |
0.017 | 54733 | 1 |
0.018 | 486660 | 4 |
0.019 | 20001 | 2 |
0.020 | 370329 | 4 |
Last trade - 14.59pm 11/09/2024 (20 minute delay) ? |
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GNM (ASX) Chart |