well...possible reasons why we see a "recovery" of the share price
1. just daytraders that jump in on the low psychological level of 1 cent hoping making some money on the very short term
2. a few investors realising that despite all negative points probably a share price of 2 cents would fundamentally more suitable than 1 cent
3. possible good news ahead (e.g. really good drilling results from Mumbwa).
If 1 then share price will fall back again and go maybe below 1 cent. If 2 then we will see further recovery to 2 cents. If 3 everthing is possible.
mumbwa results, page-6
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $79.34M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 37.5¢ | $10.44K | 27.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9704 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 5519 | 1 |
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| Last trade - 12.53pm 10/07/2024 (20 minute delay) ? |
| AIM (ASX) Chart |