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
$1.09 |
Change
0.060(5.85%) |
Mkt cap ! $1.238B | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.10 | $1.02 | $6.406M | 6.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 313712 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.08 |
Change
0.060 ( 5.29 %) |
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| Open | High | Low | Volume | ||
| $1.03 | $1.10 | $1.02 | 928883 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| MSB (ASX) Chart |