There appears to me to be a genuine tug-of-war likely. Yes there will be an inevitable sell into this and yet there is absolutely brilliant cause to be in.
Those 'Sophisticates' who either missed out/did not bother or who now see real merit in either getting in or in developing a larger position will eye the activity closely, I reckon. Some will argue that they can dump on the market and re-enter, however todays' announcement rates arguably as a definite game changer. Think 'Bionic Ear' or for the mining minded, FMG (yes I know it is a hackened call, but hey I was there).
Some of our Small Retail Investors may also have sat on the sideline today as well. Regardless of who bought in today (where the vwap is probably 33cents), at over double the av volume traded, there was significant interest.
My view is that it may hit 30cents on fair volumes but that the rebound will be swift and with interest.
AIMVHO, esp.
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Last
29.5¢ |
Change
-0.040(11.9%) |
Mkt cap ! $428.5M |
Open | High | Low | Value | Volume |
32.0¢ | 33.0¢ | 28.0¢ | $7.278M | 23.75M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 53192 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 41048 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 51196 | 0.295 |
9 | 230902 | 0.290 |
5 | 74631 | 0.285 |
22 | 480847 | 0.280 |
4 | 114783 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 41048 | 1 |
0.310 | 25000 | 2 |
0.315 | 10525 | 1 |
0.320 | 76654 | 4 |
0.325 | 30000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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