Trying to get a bit educated on what you mean by price action? The volumes are quite low today.
I have been looking at market activity and since December, we have only had 22 days where more than 20M shares have traded on the day. What is so important about 20M you may ask? Well I took that as an arbitrary indication of how much the stock may be trading hands- 20M being roughly 1% of total shares:
If you look at it in a shorter time span- since April, when the trend is tending upwards, there have only been 3 over 1% stock trading days, the average being closer to 10M.
?not sure if there is anything to read into this??
General discussion (MEI), page-2542
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $241.3M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $91.44K | 855.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1242379 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 708537 | 9 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MEI (ASX) Chart |