The major factor which has seen a lot sell was the duration between major catalysts and the bearish market conditions.
This has caused the share price to weaken and given we were some time away we have not seen the hot money come back into the stock to take a punt on the news being good and the share price re rating.
Must be getting closer to this point.
Management have been good the whole way through. Track record is A1 outside of this. Would have to think it would be trading closer to 10 cents given a stronger market and when the news flow arrives the previous high water mark was a couple of multiples of where we are now could be back in the sights of the SP depending on strength of news. On that basis seems to offer a fair risk for reward.
The major factor which has seen a lot sell was the duration...
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Last
32.0¢ |
Change
0.005(1.59%) |
Mkt cap ! $707.4M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.5¢ | 31.0¢ | $1.169M | 3.655M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 274982 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 48600 | 2 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| BOT (ASX) Chart |
