MGT share price has dropped from the sky because of its week fundamentals and out of control register…closing on to 4 billion shares.
Funny reading everyone blaming the shorts boggy man. There are very little shorters shorting this dog, it doesn’t need help to hit rock bottom, it’s doing fine on its own.
I think MGT market cap is still a little to high for what it is and the market thinks so too. Need to half the current market cap for me to even think of taking a punt. Maybe look at it at 1.1c. By the time anything happens and that’s a big if, you should see around 7 billion shares?
Worth Shorting MGT?
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Last
31.5¢ |
Change
0.045(16.7%) |
Mkt cap ! $31.00M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 31.5¢ | 27.0¢ | $149.6K | 518.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 33790 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
31.5¢ |
Change
0.045 ( 18.9 %) |
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| Open | High | Low | Volume | ||
| 27.5¢ | 31.5¢ | 27.5¢ | 45119 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| MGT (ASX) Chart |