There would appear to be some misunderstanding by day traders on how the big end of town works. The rise in the past few days has been a result of buying by ethical funds which have a mandate to buy only into companies with certain market caps. One of these milestones is $100 million which explains the large blocks purchased. I have seen a press release that went out to all the ethical funds on Friday last drawing attention to the fact that $100 million had been reached. Don't expect to see PRR below 20c again unless there is a catastrophe. All this latest surge has been without ASX announcements so wait and see what happens when Rogers returns from US with good news.
buyers watchout, page-13
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Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $598.3M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 42.5¢ | 41.0¢ | $808.6K | 1.929M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 154539 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 212376 | 6 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |