Not sure abut any conspiracy theories here.
It looks fairly transparent that the half yearly preso is on friday & most companies tend to take this opportunity to announce all kind of achievements that materialised over the last 6 months incl. prodn ramp-ups, financial P/L or any other additional cash stream avenues via farm-in's etc.
Most holders who have read NXS's ann'mnts over the last 6-12 months already are aware of a rough estimate timeline.
That on its own has seen a steady buildup last week. Not sure if UBS are advising NXS or someone else.
About 23.5 million shares traded last week.
Looking at the past 3 months high & low, the SP range was 0.345-0.55c & may possibly breach this range nxt week, on news of a decent farm-in.
Something to look fwd to.
cheers
further update., page-3
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $56.97M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.5¢ | $5.102K | 26.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74952 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 35987 | 2 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| NXS (ASX) Chart |