It's an interesting situation.
A seller offloaded over 500k of shares two days ago in a hurry and we were back at low support of $1.3x and now back to $1.45 already on very little buying. There seems to be plenty of buyers at these levels happy to snap up the cheap shares.
If someone really wanted to take a decent buy position in SRL of 50,000 shares right now you are going to be pushing the price pack to $1.78. if you wanted to buy 500k of shares you would be pushing the price well over $2.
Food for thought that if you want SRL stock in a decent amount, there is not much available to buy and SP price is going to move up in a hurry. Just like it did in the past month really before the big sell order.
What is going on? 25% drop in 10 minutes?, page-34
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Last
61.0¢ |
Change
-0.045(6.87%) |
Mkt cap ! $55.03M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 66.5¢ | 59.0¢ | $33.17K | 51.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19991 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 1344 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
61.0¢ |
Change
-0.045 ( 6.15 %) |
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| Open | High | Low | Volume | ||
| 65.5¢ | 66.0¢ | 59.0¢ | 11089 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SRL (ASX) Chart |