MAY 3.33% 6.2¢ melbana energy limited

Problematic Pattern..

  1. 623 Posts.
    lightbulb Created with Sketch. 278
    Problem here, every time we release sporadic positive news, it is heavily sold into.
    There is at least one large entity still selling here and traders and dissatisfied long termers who want to leave.
    The only way this can be overcome is by continuous positive newsflow, otherwise all we will see is a small spurt, selling and then it being played again..
    We closed on same price as we opened even though we got an intraday spurt of 18% ... appetite to buy here is still minimal , appetite to sell seems to be constant, the company MUST get new shareholders and new shareholder appetite onboard..
    If they are serious about any chance for these August oppies, then continual news, progress and updates must happen.
 
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Last
6.2¢
Change
0.002(3.33%)
Mkt cap ! $208.9M
Open High Low Value Volume
6.0¢ 6.2¢ 5.9¢ $175.9K 2.910M

Buyers (Bids)

No. Vol. Price($)
2 1219834 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.2¢ 1847995 5
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
6.2¢
  Change
0.002 ( 4.91 %)
Open High Low Volume
6.0¢ 6.2¢ 5.9¢ 1891922
Last updated 15.59pm 29/03/2024 ?
MAY (ASX) Chart
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