Can't totally discount that possibility but MGT appears to be moving roughly inline with other non profit making stocks. I think it's just general negative market sentiment.
it's not unusual for penny stocks to retrace 80 to 90%
XSO, XAO, XJO & XEC can and will probably continue to retrace so it's anyone's guess when and what level MGT will bottom out
Can't totally discount that possibility but MGT appears to...
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Last
30.0¢ |
Change
0.015(5.26%) |
Mkt cap ! $28.05M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 34.0¢ | 29.5¢ | $211.3K | 670.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 45 | 1 |
View Market Depth
| Last trade - 10.34am 08/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |