Look across the entire small cap market guys - it has been and continues to be a bloodbath.
Not just an AXE thing - this has been one of the harshest and most unforgiving small cap markets I've ever seen. The crowding into large cap defensives or defensive posturing holding cash reserves is at fever pitch.
Could go on for sometime, or a catalyst that settles market anxiety may lead to strong inflows and renewed market interest in coming months.
Suspect cost of living squeeze only making things worse in small caps with high level of retail shareholders.
Personally I share your pain and frustration, but not your conclusion that AXE must be a lemon. She's a speculative investment for high risk tolerance only given early-stage tech, and this is a most unkind and risk averse market for such stocks.
Let's check back in in Nov/Dec, might be looking quite different.
AXE Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
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