alecfra. 17 million shares dumped on market, a very weak market, in last 2 months, is by far the prime reason why the SP hasn't been able to gain any momentum. The SP of penny stocks like LKE are driven by progress news and results. Steve is not backward in providing that information when it is there. We know what to expect, but, the "market" can't see anything too dramatic happening until December/January, so no new buyers to absorb the impatient sellers. It's what happens.
In fact, keeping the SP above 4 has been very significant against that pressure, so, true believers have clearly been able to accumulate substantially during this lull. We should all take note of that!!!!
Wake up--time for a new face, page-4
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Last
4.0¢ |
Change
-0.003(6.98%) |
Mkt cap ! $66.52M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 3.9¢ | $753.4K | 18.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 731925 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 760271 | 12 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LKE (ASX) Chart |