Lol anyone can have a go at EMH's SP these days! When I averaged last week it ran the SP almost 11% on no volume and then bunch of bots sold into the new levels nearly instantly.
Its bizarre how manipulated this thing is, but that is actually not the main concern, the main concern is that this stock almost entirely illiquid. Any of the main contributors here can likely run the SP down 35%-50% if they decide to have a massive tax loss sale / 'fck it sale'. That in itself could trigger stop losses of some other holders diving SP even further. Before you know it... your EMH holding is -80% and the majors are exiting, at that point EMH could have a MC of 4-6M (this is the worst case scenario).
It happens and it happens exactly when the stock is illiquid, and has no SP support. I have experienced this myself once, when one of my ASX hopefuls/juniors went from 33M MC to 4M over course of 3 trading days (luckily only lost ~$10k on that).
EMH Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)