The market these days is reluctant to reward good news however is quick to punish mediocre or bad news along with missed deadlines. The company missing the revised scoping study deadline along with almost 1B shares at 1c issued recently put us in a vulnerable situation so today’s sell off is hardly a surprise IMO.
The positive is that it’s flushing out the weak hands on decent volume which should help put us in good stead for the next leg up.
All IMO.
The market these days is reluctant to reward good news however...
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Last
2.0¢ |
Change
-0.004(16.7%) |
Mkt cap ! $95.37M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.0¢ | $643.0K | 28.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3970615 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 3361632 | 5 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| AZY (ASX) Chart |