Quick summary regarding SP movements and respective trade volume (sourced from commsec) since the trading suspension was lifted.
27 November (last trading day prior to trading halt on 28 November) - SP closed at .8 cents with trading volume of 6.654 million
4 December (trading suspension lifted at 1.30pm AEST) - SP opened at 1.2 cents and closed at 1.1 cents with trading volume of 13.399 million
5 December - SP opened at 1.1 cents and closed at 1 cent with trading volume of 4.805 million
8 December - SP opened at .9 cents and closed at .9 cents with trading volume of 1.641 million
9 December - SP opened at .9 cents and closed at .8 cents with trading volume of 265k.
In summary - we are back at the SP we closed at prior to trading halt, AGM and Matmor acquisition announcement.
Trading volume has been very poor totalling approximately 20 million over 4 trading days since the announcement. SP has come back down to .8 cents on the back of very little trading volume IMO.
IMO - unless trading volume picks up coupled with publicity of ESI either globally (India) or locally (Australia) as well as an announcement we are going to be sitting in a range of .8 cents and 1cent.
All IMO. DYOR.
Trade Volume
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $5.745K | 1.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 24264363 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 3301911 | 5 |
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