Maybe. But this is a stock that increased briefly by above 600% and in the period of a week or 2 fell from 3.6 to 1.0. That’s the sort of volatility that suggests it needs explaining. We know the debt is double the market cap for example. So calling it an accumulation opportunity makes sense only to insiders
I recognise you call for long term thinking all the time for this and other equities and respect you for it. But the BOD have a duty to shareholders and part of that is to explain this volatility.
Needs an announcement, page-8
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $7.284M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $10.19K | 708.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6333220 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 941894 | 6 |
View Market Depth
| Last trade - 14.09pm 05/07/2024 (20 minute delay) ? |
| VSR (ASX) Chart |