Unsurprising to see a junior selling off on no news and more than likely simply because most retail investors don’t have more than a few days of patience.
add to this that retail are prone to being emotionally swept up in swings in both directions.
Wont take more than traders deciding that SUM is cheap or a drill permit issued, and the sentiment will shift in the opposite direction.
Obviously nothing is guaranteed with SUM or any other junior, but I’ve seen the above principles play out time and time again.
SUMO, page-497
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.67M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $16.90K | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6060 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 33743 | 2 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |