You have to go look at the market history on this one. This makes yesterday's trading look a little silly and is perhaps an excessive over-reaction, but not surprising that many on receiving their allocation would sell down their shares for quick profit - the extent of the drop and why people didn't simply sell ahead of existing holdings yesterday baffles me.
I suspect it will probably slowly retrace to a 10-30c range over coming months (the $0.50+ was always a bit ridiculous on the approval news given the outstanding corporate action) bar any new news, after the short term profit taking is done.
You have to go look at the market history on this one. This...
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Last
5.4¢ |
Change
-0.002(3.57%) |
Mkt cap ! $6.135M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.2¢ | $62.88K | 1.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 130000 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 49999 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
-0.002 ( 3.64 %) |
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| Open | High | Low | Volume | ||
| 5.6¢ | 5.6¢ | 5.2¢ | 259065 | ||
| Last updated 15.56pm 04/06/2024 ? | |||||
| OSX (ASX) Chart |