The macro is good LT for this stock. Can't explain the falls unless its a combination of May-itus, tax selling, budget, uranium price and general nuke angst. IT could be all or none.
It could be that inside information has leaked, but honestly the GLE story is the company maker, the others are just nice to have.
Takeover theory is one I had some time back. But I think is very unlikely. Or maybe somebody REALLY wants to own the Chronologic. The punt for the laser tech is still too far off and no generating consistent revenue to justify buying that many shares which I calculate to be around $130ish mill worth.
Also this stock is owned by some big groups such as HSBC. I'm not sure how much the retail investor actually affects the SP. If I saw an ANN saying HSBC was ceasing to be a significant share holder then I would be seeing alarm bells.
I'm taking it as a buying opp - selling now is just feeding short selling trolls. Whom are just starting to pop up here.
The macro is good LT for this stock. Can't explain the falls...
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Last
$5.38 |
Change
0.060(1.13%) |
Mkt cap ! $1.274B | |||
| Open | High | Low | Value | Volume |
| $5.35 | $5.46 | $5.33 | $2.712M | 504.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 629 | $5.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.38 | 6109 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SLX (ASX) Chart |