The most simplest explanation is usually the true story.
Two most common scenarios come to mind for this over 20% rise in one day on no announcement on the day:
1. News has leaked somewhere that a large confirmed sales order or partnership deal has occurred. Then many other investors jumped on as well.
2. A large investor/investment house has given the go ahead to take a large position.
Number 1 is most likely for my thoughts due to how much volume occurred in one day.
Either way it’s awesome! Ideally more big days and news to come as the company have been working hard for a while now for some big commercial payoffs.
2021 BRN Discussion, page-29641
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Last
21.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $399.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 20.8¢ | $1.169M | 5.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 78136 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 715071 | 11 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |