Mattinsydney, most likely explanation for no response in SP is the cheap 1.8c shares that where issued, appears as if they went into so called weak hands. Turning over shares for a reasonable profit and moving on to the next stock.
In a way, best to get these shares out of the way before any possible "eureka" announcement
To be honest, I was very disappointed at the issue price recently, SP had been sitting at around 2.5c and with all the positive news flow, to issue shares at 1.8c seemed a very strange move from management, didn't really instill confidence to the market,IMHO
Mattinsydney, most likely explanation for no response in SP is...
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $109.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1499991 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 518898 | 4 |
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| Last trade - 10.06am 18/11/2024 (20 minute delay) ? |
| ORN (ASX) Chart |
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