Could be as simple as wanting to lock in some profit. I've you've bought in the $1 - $1.50 range, it's tempting to take some money off the table after a 100% return, and this market shock may have been a good excuse to do so.
Also, across the ASX there has been a heavy sell off of companies towards the speculative end (which MSB still falls under until approvals and other announcements which are due this year).
MSB Trading - 2020, page-2806
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 (20min delay)
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Last
$1.13 |
Change
-0.045(3.83%) |
Mkt cap ! $1.295B | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.19 | $1.12 | $10.28M | 9.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 235570 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 18778 | 18 |
View Market Depth
| Last trade - 15.25pm 08/05/2024 (20 minute delay) ? |
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Last
$1.13 |
Change
-0.045 ( 4.33 %) |
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| Open | High | Low | Volume | ||
| $1.17 | $1.17 | $1.12 | 1184566 | ||
| Last updated 15.44pm 08/05/2024 ? | |||||
| MSB (ASX) Chart |