Yes I can understand your thinking...and I am a little concerned too as it is highly speculative.
However, $30million has been pumped into the stock at an average price of approx 37.5c - 38c. Makes no sense to pump and dump for 3% returns?
I think someone has definitely bought a 7-8.5% stake in three days.
If a substantial shareholder notice is not out by the end of the week, I think you will be found correct.
pump and dump, page-2
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $70.00M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.5¢ | 22.5¢ | $15.37K | 65.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36776 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 3501 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |