500 million shares sold at 8 cents, if only 1% of them get sold for a quick profit, thats 5 million shares hitting the market. 5% of them will be 25 million and so on, unless buyers step up to soak up those sells then the SP will drop towards 8 cents.
Shorter still at it, page-12
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99195 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 2000 | 1 |
View Market Depth
| Last trade - 11.19am 09/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |