I don't think the debt ceiling or wider macro environment is the cause of the short term decline in price here - I see it as a major holder dumping its holding from a reasonable short term gain ($0.14 to $0.20) down to level it acquired them at (underwriters typically don't want to get lumped with the stock) ... look at the increased sell volumes since $0.20
hence the reason why only 50k shares traded yesterday at the not so coincidental price of $0.14 ... also have a look at the sell volume >1m (when mkt open) recently which is far higher than not too long ago (often exceeding the buy volume - why isn't the typical observation in recent times either) ... someone is moving a bit of stock hence the reason for the decline - it will increase once they get out and move on or on positive news but at least you know the bottom benchmark of ~$0.14.
I may be wrong on the who but not likely on the why
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Last
3.4¢ |
Change
-0.001(1.47%) |
Mkt cap ! $69.65M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.4¢ | $8.337K | 248.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 941032 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 247927 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 941032 | 0.033 |
6 | 737119 | 0.032 |
4 | 192255 | 0.031 |
3 | 164200 | 0.030 |
1 | 140000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 247927 | 4 |
0.035 | 131901 | 3 |
0.036 | 190843 | 4 |
0.037 | 407959 | 5 |
0.038 | 245162 | 4 |
Last trade - 14.00pm 06/09/2024 (20 minute delay) ? |
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RAD (ASX) Chart |