The churn at current price levels will continue until State One Stock are done. See below for the broker action from last week. @wombat777 ADNOB below
Being net long 10mil shares from 0.098, tipping them out at 1.1c is an easy trade they will take all day long. My guess is much of the volume coming out yesterday and today at 1.1c is these guys on the exit. If this hot money can be cleaned out here, it can open the door for the next move higher when fresh buying arrives / the next round of good news comes through
Out of interest who did the recent cap raise at 0.06c? Bell's not wanting a bar of the action, happy to off load on the run up.
ADN
ADNOB
General comments/chat, page-293
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Last
1.6¢ |
Change
-0.001(3.13%) |
Mkt cap ! $48.20M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.6¢ | $25.46K | 1.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 7902214 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 335351 | 2 |
View Market Depth
| Last trade - 15.01pm 12/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |