I have about 4 stocks between $150m and $200 m market cap all behaving badly.
I think its that despite all the hype about institutions buying in that in reality most of the volume is retail at this level - You are not in the ASX 300 and as such no index buyers. I notice s soon as the main index 200 or even thew all ords moves these get weaker and weaker until news changes that. Its a slow drift down. Probably fueled by sellers and the buyers fully loaded...
As far as I can see this is a stock to own into 2018 but really the buyers are not there at the moment.
OVH Price at posting:
55.0¢ Sentiment: None Disclosure: Held