On the contrary, it is good to see Directors buying however it's not necessarily a good predictor of future price.
In this case I am suggesting that most of the buying appears to be existing shareholders or parties with a vested interest in the share price. Therefore, the company is not attracting new money and existing shareholders may face the challenge of funding their own convictions during a capital intensive period.
Ann: Volt's Graphite Products Validated by End User Groups, page-82
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Mkt cap ! $12.47M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 0.4¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 40000 | 1 |
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