Think what happened is that at about 10:17am someone decided to sell about $5M of PME as it was up so much at that stage. That sell took out most of the buyers and hence the sudden drop in market price. Then the automated orders kicked it to sell to stop losses. That ensured that the drop continued for ages. Now all those orders are filled then the buyers have come back in. Basically my read of the progress report is that PME are doing well and moving ahead. Lots of growth pathways in the foreseeable future. This type of thing is a problem with small caps that dont have large daily volumes. today's volume is huge compared to normal days for PME.
Ann: Company Announcement - Interim Results, page-41
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Last
$200.71 |
Change
-3.280(1.61%) |
Mkt cap ! $20.97B | |||
| Open | High | Low | Value | Volume |
| $204.50 | $204.89 | $198.75 | $35.94M | 178.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 111 | $200.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $201.30 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| PME (ASX) Chart |