It’s possible someone has been shorting IMU to get the price down to get it out of the ASX200 to the purchase the shares when the passive ASX200 tracking funds sell the shares at the rebalance.
I think something similar happened but in reverse when the price was driven up in 2021 resulting in IMU entering the ASX300 then ASX200.
And if all of that did happen along those lines then look out for a repeat later this year to drive it back up; especially if there’s anticipation of positive trial results being released.
Media Thread, page-8114
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Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $512.3M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.1¢ | 6.8¢ | $922.0K | 13.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 702419 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 1365317 | 9 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
7.0¢ |
Change
-0.001 ( 1.69 %) |
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| Open | High | Low | Volume | ||
| 7.0¢ | 7.1¢ | 6.8¢ | 5455105 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| IMU (ASX) Chart |