HXG 4.55% 2.3¢ hexagon energy materials limited

500k shares being dumped (when the price was 15c) wouldn't...

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  1. 150 Posts.
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    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.
 
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Last
2.3¢
Change
0.001(4.55%)
Mkt cap ! $11.79M
Open High Low Value Volume
2.2¢ 2.3¢ 2.2¢ $24.45K 1.092M

Buyers (Bids)

No. Vol. Price($)
1 37 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 326201 1
View Market Depth
Last trade - 15.36pm 06/11/2024 (20 minute delay) ?
HXG (ASX) Chart
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