The incredible price action yesterday was only part of the story. The volume was also atypical: GRR trading volume this year has averaged 50,000 shares -- yesterday it was almost 700,000!
Also, the price leverage of trading volume has to take into account the small percentage that is 'free float.' Shagang has about 75%, then add in what Anthony Bohnenn has personally and the long-term European investors he brought in years ago, and 700k shares in a single day has to put a rocket under the share price (not to mention a 'speeding ticket' from the ASX...
price explosion, page-4
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Last
24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $283.5M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.0¢ | $181.2K | 735.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 198405 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 57681 | 6 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |