Looks sick but someone is just driving out the small holders in order to accumulate more at a cheap price. You just need to look at the reaction in the hotcopper forums to imagine how many other small-time traders out there would react to these 'shakedowns' and would sell on fear of losing more.
My guess is someone/group held most of the buyside, pulled all their orders, put on large sell orders and small-time traders have panicked and that's what's driving the price down. I'd suspect a bounce sometime soon and especially on a positive announcement. But it all depends on the exposure of the stock and how many people know about it or understand what it's worth.
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Looks sick but someone is just driving out the small holders in...
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Last
2.1¢ |
Change
-0.003(12.5%) |
Mkt cap ! $25.75M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.0¢ | $190.4K | 8.986M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1249411 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 108596 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 999411 | 0.020 |
2 | 85500 | 0.019 |
1 | 131825 | 0.018 |
1 | 8000 | 0.017 |
3 | 160562 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 108596 | 2 |
0.022 | 316000 | 2 |
0.023 | 346923 | 2 |
0.025 | 560862 | 4 |
0.026 | 1306438 | 6 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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CXU (ASX) Chart |