Assuming that you simply misquoted me, what I actually wrote was: "Why would a shareholder want their investment to dive?" With that in mind, I don't understand your comment/question at all. But to continue on to the second point: "your saying the bot is owned by NCM" (I guess you mean "you're"). Bot trading is simply automated trading based on an algorithm programmed to buy and sell based on volumes and prices. It works hand in hand with the annual fee that many big investors and firms pay to the ASX to get unlimited trades, unlike small players who pay per trade. This allows them to buy and sell in tiny parcels, even just one share. I would think NCM's brokerage firm uses one, as most brokerages do, and have given my reason for why I think it makes sense for them to do so. This idea rests on my belief that NCM is interested in a takeover of AZY at some point and, if that is right, that it's in their interests to keep the price low. The belief may be wrong. You may not agree with it. I'm sure there are other reasons why AZY's share price stays low.
As for Calebz's comment (I guess you meant "quiet"?), I suggest you look at the map of the area.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.52M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $31.80K | 2.717M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 20368361 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 12154282 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.012 |
35 | 19459271 | 0.011 |
51 | 18312954 | 0.010 |
25 | 11314600 | 0.009 |
18 | 9527820 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 489756 | 1 |
0.012 | 12554282 | 16 |
0.013 | 9867216 | 11 |
0.014 | 6950889 | 8 |
0.015 | 4967598 | 9 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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AZY (ASX) Chart |