All,
I will be first to admit that what is been happening with aggressive sell-down of FRS in recent week is not nice at all.
...and yes, this perhaps an understatement for some investors?
However, one must assess these changes in sentiment of a stock along with the general consensus of it's peers across the same trading period.
If you do this, and I would urge you to do so (even if at a cursory level) you'll quickly notice that FRS are by no means on they're own in the current sell-down of a lot of IO stocks ATM, and many other resources stocks as well.
Many similar IO's have also been heavily sold down as the sentiment has firmly swung to the sell-side and I therefore do not believe (IMHO) that this is attributable to any manipulation or otherwise. (take a look at FRS's neighbour as a case in point)
It also does not help when investors are now starting to look for more capital and are selling out taking advantage of the recent bull-run we've had on FRS... normal stuff in this specific regard ...but yes, oversold.
As I have stated before, if you a long-termer on this one, then IMHO you have little to worry about - we have proven ground, miles & miles of drilling results soon to arrive on already proven ground.
Regards, Kooyong
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $2.912M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $3.556K | 201.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 342500 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 180369 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 342500 | 0.016 |
1 | 66665 | 0.015 |
1 | 50000 | 0.014 |
2 | 599995 | 0.010 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 180369 | 1 |
0.020 | 568713 | 2 |
0.025 | 222214 | 2 |
0.027 | 35710 | 1 |
0.028 | 200000 | 1 |
Last trade - 14.41pm 29/08/2024 (20 minute delay) ? |
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FRS (ASX) Chart |