It's classic capping behaviour. They probably made a few thousand dollars in trading profits the last time they removed their cap, and it went to 9 cents.
Rinse and repeat. It's probably going to continue until something meaningful is announced. Having said that, I'm sure whoever is responsible also gets a perverse kick out of putting a "cat amongst the pigeons."
IVZ Share Price, page-19487
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Last
7.8¢ |
Change
-0.003(3.70%) |
Mkt cap ! $112.3M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.0¢ | 7.8¢ | $83.25K | 1.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 106550 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 132215 | 2 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |