Interesting.
It's not just about the low-volume transactions with MGT though - it's also the large sell orders that appeared to be put in the market to cap the price.
Like I said earlier, it's not like anyone has solid proof that manipulation is occurring; it just looks a bit suspicious. So it might be something that ASIC could take closer look at as I assume they have some investigative powers to ask questions and get access to the necessary order data.
Not something that I plan on spending my own time on, but I thought I'd ask if anyone else had done it out of interest.
MGT share price, page-12061
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Last
32.5¢ |
Change
-0.015(4.41%) |
Mkt cap ! $31.99M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.5¢ | $22.54K | 68.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 800 | 1 |
View Market Depth
| Last trade - 15.50pm 14/06/2024 (20 minute delay) ? |
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Last
32.5¢ |
Change
-0.015 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 33.5¢ | 34.0¢ | 32.5¢ | 23399 | ||
| Last updated 15.53pm 14/06/2024 ? | |||||
| MGT (ASX) Chart |