500k shares being dumped (when the price was 15c) wouldn't explain the drop to 12.5c. It's only really one days' trading and that was already when the price was 14-15c.
However, momentum is hugely important and the volume has been very thin. It may have spurred on a few other sellers who think that something material has changed. No one likes losing 40% in the space of a couple of months and it can cause people to trade irrationally and dump shares even at this level.
500k shares being dumped (when the price was 15c) wouldn't...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.79M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 126427 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 213000 | 1 |
View Market Depth
| Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
| HXG (ASX) Chart |
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