It's the price action of a company going bust.
The director purchases may have been with the idea of putting a floor in the share price which would allow shorting from higher levels but it seems the majority now realise it's going bust and the business model does not work.
Chart - Z1P, page-15357
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.91 |
Change
0.185(6.80%) |
Mkt cap ! $3.707B | |||
| Open | High | Low | Value | Volume |
| $2.76 | $2.92 | $2.75 | $25.23M | 8.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 53938 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 170743 | 28 |
View Market Depth
| Last trade - 11.28am 09/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |