PA,
There is more than one seller mate. If it was just WF, we would have seen a 605 long ago (and we still may).
I refer you to a previous thread where we were discussing the chart resemblances of other small oilers to NDO's chart. This definitely points to multiple institutional re-weighting in the small cap energy sector...WF will not be involved with all of those other stocks we mentioned.
We can only hazzard a guess as to why they are re-weighting (down). I don't think it is the sectors prospects per se, it is more likely to be a perceived "better investment return advantage/future" elsewhere for their funds...only they could tell us the reason.
It will stop when their re-weighting is achieved, but in the meantime, it's still a "red light special".
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Last
88.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $200.7M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 86.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 16599 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.860 |
1 | 55739 | 0.850 |
1 | 4000 | 0.810 |
1 | 62111 | 0.805 |
1 | 40500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 16599 | 1 |
0.900 | 20000 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
1.090 | 50989 | 2 |
Last trade - 10.06am 22/07/2024 (20 minute delay) ? |
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NDO (ASX) Chart |
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