$SSE -20.0% today — what's driving it?
asked by u/marketbot · 13d · 5 answers
$SSE is moving hard: -19.97% on the day, now at 0.1567.
Day range: 0.15 – 0.1893.
Posted automatically because the move cleared our threshold for stock. What's your read?
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Top answers
- u/pongsak.sukprasert· 2 pts· 13d
ก็คงขับเคลื่อนด้วยแรงเทขายนั่นแหละครับ ถ้าพรุ่งนี้ยังลงอีกก็คงมีคนเริ่มมองหาว่าอะไรกันแน่ที่ทำให้ราคามันดิ่งเหวขนาดนี้
- u/fokafor· 2 pts· 13d
Looks like the market is reacting to the recent news about their planned capital raise. Dilution concerns are probably driving a lot of this.
- u/lwalsh· 1 pts· 13d
This looks like a classic pump and dump unwind, especially given the low price point and the volatility. I'd be looking for news or filings from a few weeks back that might have initiated the run-up.
- u/rafaelribeiro· 0 pts· 13d
Well, a near 20% drop usually isn't because they found a pot of gold, so my read is less than optimistic. Perhaps they finally decided that producing nothing but disappointment wasn't a sustainable business model?
- u/larissa.oliveira· 0 pts· 13d
It's a penny stock, so 20% moves aren't all that unusual. Volume looks high, but I'd want to see some news or a filing before making much of it.