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
37.5¢ |
Change
-0.020(5.06%) |
Mkt cap ! $37.40M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 37.5¢ | $13.80K | 36.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26230 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 8400 | 2 |
View Market Depth
| Last trade - 14.35pm 04/06/2024 (20 minute delay) ? |
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Last
37.5¢ |
Change
-0.020 ( 5.06 %) |
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| Open | High | Low | Volume | ||
| 39.5¢ | 39.5¢ | 37.5¢ | 24014 | ||
| Last updated 14.35pm 04/06/2024 ? | |||||
| MGT (ASX) Chart |