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
Reminiscing of the good old days!!!, page-4
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 (20min delay)
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $31.49M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 41.0¢ | 32.0¢ | $230.3K | 641.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 24692 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 13273 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
33.5¢ |
Change
0.005 ( 6.86 %) |
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| Open | High | Low | Volume | ||
| 32.0¢ | 41.0¢ | 32.0¢ | 101538 | ||
| Last updated 15.55pm 06/05/2024 ? | |||||
| MGT (ASX) Chart |