Volume.
Pretty simple.
The 3.7 close makes the percentage gain on todays price seem great.
Reality is this has traded in a very narrow channel between 3.9 and 4.1 cents.
So Id be looking for volume above 4.1 cents which it seems to be doing now, throw in anticipation of announcement, some research reports and you're likely to have more holding now then selling.
Id still be wary of the 500k dumps that come off screen and the potentially fake bids down the line but I have said always that under 4 cents could be a good buy.
I have also said that Id rather trade this one rather then hold.
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $165.3M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.0¢ | $280.5K | 1.605M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 133 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| NMR (ASX) Chart |