Given the majority of the public holders are now sitting on a small paper loss the risk/reward has lowered for new buyers entering who will soon take control again once a floor has been put under the price.
Fibonacci - the italian liar - says about 45c.
The past week has seen weak holders taking a loss on no news and little volume. A poor reason for losing money.
Other than that,
Grange resources selling down 500,000 shares from a 7% to a 6% holding is nothing other than locking in a good profit. Got no problem with that.
week ahead, page-5
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.979M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 653350 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 581000 | 1 |
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| Last trade - 16.00pm 19/08/2024 (20 minute delay) ? |
| HOR (ASX) Chart |
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