I've got to agree with bartargt that Hotcopper hasn't got a hope of influencing the MGX share price. The volume is just too big.
This has been sold so heavily down due to institional investor dumping. It may take a little more time for this to end.
I do believe in the cash backing argument though. I have never seen a company this far under cash backing even in the GFC and think it is irrational. But the instos and therefore the market may disagree in the short term.
I've got to agree with bartargt that Hotcopper hasn't got a hope...
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Last
36.0¢ |
Change
-0.005(1.37%) |
Mkt cap ! $438.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.0¢ | $282.9K | 774.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 401957 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 29600 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |