Can anyone explain the surge in volume on the day of a quarterly that had no outstanding news anticipated? Albeit only 500k worth of shares but it is the greatest volume since april and the total daily volume for the last 5 months when the stock has been predominantly trading in between the 3.0 - 4.0 cents range has not exceeded 12 mill with the general range being between 1-4 million.
Did anyone on HC anticipate any major news with the quarterly? Or Is it a case of someone accumulating under cover of the quarterly in preparation for an announcement on Viking? I find it hard to understand that the invetsment workd would one day just wake up and decide to invest in NDO on the conclusion that it is severely undervalued when we have been in this position for the last few months and nothing obviously exciting in the short term.
Am I reading too much into this?
qrtly, page-16
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Last
82.0¢ |
Change
-0.030(3.53%) |
Mkt cap ! $187.0M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 81.0¢ | $61.08K | 74.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7341 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 3829 | 1 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |