I reckon they will wait closer to the expiry date to release some announcements. If they can get some incremental growth over the next few weeks towards the 4 cent mark, then hopefully some good announcements will push the price above 5 cents and create some positive momentum. If they release something too soon, it may see a spike in share price, but then those that got burnt recently from the price drop may take the opportunity to sell out, causing the price to fall again.
MGT share price, page-9277
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $30.02M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 29.0¢ | $33.48K | 113.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 5300 | 2 |
View Market Depth
| Last trade - 15.15pm 19/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |