With no recent news I suspect that the equilibrium between buyers and sellers has been met and a price agreed upon. Of course it could just have been a Brokers Picnic Day and they were all away having fun with the family.
Often after periods of low volatility comes an explosive price move, I knocked up a quick chart showing when there were previous periods of low volume trading and a contraction of the Bollinger Bands, followed by a price move.
No predictions on timing from me but these things don't consolidate forever. and in time the pattern will repeat. Personally I would like to think they would be over 20 cents at the next Quarterly report.
Each quarter that goes by gives a clearer indication of the growth rate and this can then be used to extrapolate into the future and determine whether the comparisons to the US businesses, provided in the early analyst reports, is accurate.
WZR Charts, page-1125
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Last
3.6¢ |
Change
0.002(5.88%) |
Mkt cap ! $49.42M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.6¢ | 3.3¢ | $55.24K | 1.588M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 200000 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 196281 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
0.002 ( 6.06 %) |
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| Open | High | Low | Volume | ||
| 3.3¢ | 3.6¢ | 3.3¢ | 133436 | ||
| Last updated 15.44pm 14/06/2024 ? | |||||
| WZR (ASX) Chart |