Back to topic - answer is that someone gamed the auction below $2.00 then a few minutes later someone lobbed about $100,000 of sell orders in to move the market from $1.98 to 1.93. No doubt they were then buying heavily at $1.94 & 1.95. A few percent profit for a mornings work at the expense of whoever hit stop-losses or wanted/needed to sell this morning for whatever reason. Big picture - this has taken us from $3.40 down to $1.93 - nothing to do with the company or fundamentals.
Why the big drop?, page-11
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Last
$1.19 |
Change
0.085(7.69%) |
Mkt cap ! $1.358B | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.20 | $1.09 | $13.21M | 11.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 75212 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MSB (ASX) Chart |