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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 (20min delay)
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Last
27.5¢ |
Change
0.015(5.77%) |
Mkt cap ! $27.56M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.0¢ | 27.5¢ | $7.197K | 26.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43600 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 58359 | 3 |
View Market Depth
| Last trade - 12.29pm 29/04/2024 (20 minute delay) ? |
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Last
27.0¢ |
Change
0.015 ( 3.21 %) |
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| Open | High | Low | Volume | ||
| 28.0¢ | 28.0¢ | 27.0¢ | 17909 | ||
| Last updated 12.46pm 29/04/2024 ? | |||||
| MGT (ASX) Chart |