Sorry col and Gordito but your wrong again. IMHO
Lets be realist and imagine it is a mum and dad investor and they purchased those share at .033 cents. That would mean they paid $500 the minimum to buy in.
Now the SP has dropped, they have had enough and they sell.
That is why the minimum buy into a share is $500 but once you own you can buy or sell any value. It has to be that way or people that buy the min $500 would never be able to get out if the SP fell even the tiniest bit.
Its easy to claim its conspiracy, but in realty it isnt, sorry mate. Volume tells the story.
spring a ding or dong!, page-68
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $358.3M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $240.3K | 2.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 367023 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 3861999 | 42 |
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| Last trade - 14.08pm 16/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |