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
29.0¢ |
Change
-0.030(9.38%) |
Mkt cap ! $28.54M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.5¢ | 29.0¢ | $24.74K | 79.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10130 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 13273 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
-0.030 ( 12.8 %) |
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| Open | High | Low | Volume | ||
| 32.0¢ | 32.0¢ | 29.0¢ | 3574 | ||
| Last updated 15.31pm 07/05/2024 ? | |||||
| MGT (ASX) Chart |