The volume sold in the last 2 days has been 5.2m - on an outstanding share base of 500m - ie about 1% - which is not too bad IMO considering the CEO has left. The extent of the price drop is really due to a lack of buy order depth - which is not unusual for this stock.
The selling will probably continue for a while - and many buyers will probably hold off until the operational review is completed. I expect volatility for a while.
Current prices could prove to be an absolute bargain - as was the 4c level during the GFC - but I understand if many perceive it as too risky until we hear more.
sents
this is an oversold joke.., page-5
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $54.36M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $15.21K | 120K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9132 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 120000 | 2 |
View Market Depth
| Last trade - 15.28pm 03/09/2024 (20 minute delay) ? |
| VMT (ASX) Chart |