The initial constraint by investors, when seeing higher interest...

The initial constraint by investors, when seeing higher interest rates used everywhere in tackling inflation, is starting to recover.
The Dow & Nasdaq, are evidence of this over the past month.

With non- dividend prospectus stocks such as IMU. Unless there's a strong investor base and continual improvement, they are susceptible to volatility whilst monies tight, or well allocated. We have mostly a mixture of Long term holders- Institutions- and day traders controlling the supply and demand of over 6 Billion shares & options. Much has been said about the short term manipulation, holding down the SP.

Well things might have just turned the corner. Whilst 14 months ago, we were deservedly placed in the ASX top 300 having a market cap of over 3 Billion dollar's. Our market cap has now slipped to under 1 Billion dollars. No doubt without a sudden burst in SP we will relinquish our top 300 position.
This comes with blessings as well. Institutions and individuals playing with trillions of dollars in Superannuation monies might not be able to invest- particularly the self managed. The Insto Shorter's once selling their positions might not be able to buy back in. They know this as long term holders as well.
Another influence in seeing the SP move higher would involve Institutions needing to show Investors returns. A Shorter might get employee of the month within their Institutional firm, for trading down and then purchasing larger numbers of shares in creating panic. However, the share choices selected and their annual return ( Capital Growth ) will also be seen by portfolio investors. There's between now and June 30th to correct that.

Hopefully a continuation of great results pending- mixed with the afore mentioned, will see IMU heading North.

Be patient and stick with it- I can see the tide turning !

Opinions Only- Not Financial Advice - DYOR