Sadly it isn't the 'light' volume driving the price, it's the material lack of buying interest in the story that is the issue. No less than a 32c (+50%) spread on market at present.
Management need to accept that various changes to reporting, the last market update and the sloppy correction have all had a negative effect on the market's willingness to get involved or want to maintain a position in the company. It's going to take more than a few consistent / positive updates to see meaningful interest look to get involved.
Management need to lead by example and if they truly believe in the business and that 'all is fine', they should be stepping up on market hoovering up as much stock as they can at current prices or is it the sad reality that ownership in the business will only occur when scrip is printed and shares are issued.
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- Ann: Correction to Market Update 25 January 2019
Ann: Correction to Market Update 25 January 2019, page-36
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.42M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $1.879K | 12.05K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38359 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 10587 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45374 | 0.125 |
3 | 478413 | 0.120 |
2 | 484782 | 0.115 |
4 | 693732 | 0.110 |
1 | 50000 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 448144 | 6 |
0.135 | 450000 | 3 |
0.140 | 470000 | 3 |
0.150 | 8000 | 1 |
0.160 | 59490 | 2 |
Last trade - 15.08pm 29/11/2024 (20 minute delay) ? |
LPE (ASX) Chart |