Let's have a look at this claim of great volume in more detail.
Firstly, considering the stock price is below a cent I believe the dollar trading value is a better measurement to take notice of.
Newregime's above table highlights 12 trading days. A total volume of 23,984,964 shares traded. Using .009 as the average price this volume equates to $17,988 in total traded. The average daily value over the 12 days is $4,500.
Today's trading value is only $900 not included in the above numbers.
Let's get fair dinkum here. I would love to see great volume in the stock. It would encourage me that my significant loss may be pegged back and God forbid I might even make a profit. That's a dream of mine.....to make a profit on OBL. All I ever do is make losses.
Great volume for example would be OBL's daily trading value in the order of $300,000 to $500,000 a day. Spiking on the odd day to around $1,000,000 plus.
It's great to be optimistic when it's based on realities. Until we excite a cornerstone investor who is very comfortable to put their money into OBL it is just a dream.
I
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.312M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.1¢ | $14.53K | 681.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 968848 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 683870 | 0.003 |
19 | 25757561 | 0.002 |
15 | 18215015 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11012939 | 22 |
0.005 | 5224950 | 6 |
0.006 | 9926666 | 4 |
0.007 | 7845449 | 7 |
0.008 | 3646766 | 2 |
Last trade - 10.35am 07/11/2024 (20 minute delay) ? |
EMP (ASX) Chart |