Just four years ago millions of shares were bought or issued at about 0.8 cents per share.
Today, so far, just 5 million shares have been traded. Shares on issue are just over 5,000 million. So, just 1 share in 1,000 shares on issue is being swapped, daily, at the moment. This can be expressed another way. For every shareholder who sells one share, 999 other holders of one share are holding, sitting still, waiting while VML does whatever it is going to do.
That is no rush to the exits.
I am suggesting that many of the shares being sold today were bought, or obtained, for less than 1 cent. Selling at 2.5 cents, over four years of holding is not shabby trading, not the best possible, but still not shabby. For whatever reason, those holders, remember they are a minority, are happy to realise their investment at today's price. If those holders get a sense that a quick rise is imminent, from here, they will quickly switch to holding because they will percieve their gain from staying with VML will be superior to swapping into a other potential investments.
That will dry up supply of shares and if demand increases, price must go up, perhaps significantly.
I'm above water, just, at these prices, so I'm holding. GLTAH
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.47M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $5.774K | 1.262M |
Buyers (Bids)
No. | Vol. | Price($) |
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48 | 17847226 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 13486379 | 42 |
View Market Depth
No. | Vol. | Price($) |
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48 | 17847226 | 0.004 |
46 | 37696135 | 0.003 |
12 | 29450125 | 0.002 |
9 | 73295201 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 13186379 | 41 |
0.006 | 10431323 | 35 |
0.007 | 11597722 | 15 |
0.008 | 14000000 | 5 |
0.009 | 4420049 | 9 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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Open | High | Low | Volume | ||
0.5¢ | 0.5¢ | 0.5¢ | 100630 | ||
Last updated 15.27pm 06/05/2024 ? |
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