Have a look at the course of sales. 160k fed by a bot. At that number on a highly illiqud stock this wont be a home made algo. Any insto trying to get out, doesn't hit the stack like that either, they will drip feed into demand. This algo was designed to run stops and/or test for demand. If nothing comes in by close, expect more downside, but i'm pretty confident this is a (fairly crude) attempt to flush out and accumulate.
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Last
8.0¢ |
Change
-0.001(0.63%) |
Mkt cap ! $183.2M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.0¢ | 7.9¢ | $40.74K | 513.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 33043889 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 5171990 | 28 |
View Market Depth
| Last trade - 10.38am 01/08/2025 (20 minute delay) ? |
| XAM (ASX) Chart |