Hi DJE, I would not worry too much with regard to the current share price, as the number of shares traded each day is very small, which indicates most shareholders are happy to hold for the long term.
If large numbers of shares were being traded daily, it would indicate that shareholders had no confidence in the long term and in particular, at this time of the year, when capital gains must be realised to offset gains made in the current tax year i.e. claim a capital loss to offset against capital gains realised.
Also, some investors, use, what is termed "share washing", which involves selling shares at a loss in order to gain a tax advantage and then buying them back in the new tax year, this however is likely to incur the wrath of the ATO, if discovered and tax penalties could cost them dearly.
So, all in all, I myself, would not be worried by our current share price. GLTA
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.86M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $1K | 7.142K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6541 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 238255 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6541 | 0.130 |
1 | 21976 | 0.125 |
3 | 107891 | 0.120 |
1 | 168000 | 0.110 |
2 | 600000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 238255 | 3 |
0.155 | 59998 | 1 |
0.160 | 27742 | 2 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 14.17pm 26/07/2024 (20 minute delay) ? |
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