Fear that Australia will enter recession and or that house builds will slow or fear from rumour. iit is a very thinly traded company so it only takes a handful of shareholders worrying about their money for a big share price decline to occur.
As a similar example, the share price decline by dicker data from $1.80 to $1.40 is said to be occurring because a single investor is selling.
It may even just be no fear and a big seller selling because they found better value in another company
sp reduction explanation, page-2
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Last
$2.65 |
Change
0.000(0.00%) |
Mkt cap ! $99.88M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 3752 | 2 |
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