Here's a simple question for the logical; what has the company announced to justify the SP drop? Answer - Nothing!
Hence, if the SP fluctuates, then the market is doing exactly what it's set up to do. Many shares on offer, too many actually...this is going to see profit taking and alike. Once the new buyers jump in, and all comes to settle, sells slowly retract along with supply on offer, which results in higher bids and an increase in SP. It's not really that complicated and it all manages to stem from the company making positive Ann, one after another.
All IMO.
The wait..., page-144
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $7.929M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $1.677K | 824.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 18656688 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 8157020 | 4 |
View Market Depth
| Last trade - 15.43pm 09/08/2024 (20 minute delay) ? |
| ECT (ASX) Chart |