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
1.5¢ |
Change
-0.002(11.8%) |
Mkt cap ! $2.426M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $750 | 50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 537643 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 270000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 537643 | 0.013 |
2 | 299999 | 0.012 |
4 | 661525 | 0.011 |
3 | 515899 | 0.010 |
4 | 516665 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 270000 | 1 |
0.020 | 468713 | 1 |
0.025 | 10000 | 1 |
0.031 | 364462 | 1 |
0.035 | 30000 | 1 |
Last trade - 15.08pm 04/10/2024 (20 minute delay) ? |
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