Often what happens when a SP drops lower on the open or close is that someone sucks sellers into thinking they'll get the day's prevailing price based upon the numbers they see on the board, (say, 1.8 million bid @ 0.3c and only 1.5 million offer @ 0.2c), before the canny buyer reduces his/her bid at the last moment to take the bid total below the offer total and thereby obtain shares at the sellers' lower offer price. Smart trading, but nothing sinister going on. If management deliver the goods this quarter then the SP will rise, no question. If not, they never will; simple as that.
Just thinking more about that presentation on their (should say 'our') website; if it was designed to help raise new capital it should be an abject failure. It was so out-of-date and any prospective investor who checked to see if they'd achieved the late 2014 targets publicised in the preso would give the company a very wide berth indeed.
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Often what happens when a SP drops lower on the open or close is...
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Last
50.0¢ |
Change
0.005(1.01%) |
Mkt cap ! $81.34M |
Open | High | Low | Value | Volume |
49.0¢ | 50.0¢ | 46.5¢ | $202.3K | 417.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 19999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3874 | 0.425 |
1 | 2150 | 0.410 |
1 | 62780 | 0.405 |
1 | 4999 | 0.400 |
1 | 10000 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 44298 | 1 |
0.450 | 150126 | 6 |
0.460 | 10343 | 2 |
0.475 | 1920 | 1 |
0.480 | 18292 | 2 |
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