I can tell you right now the increase in price is just daytraders taking advantage of a suppressed stock. Nothing more. (Or a slight chance of a director buying in which could've sparked the frenzy... woah! hold on to your hats! lol)
There's definitely nothing about to happen though as the company would/should have replied to their speeding fine in a different manner.
I as many I'm sure here have seen shares do this many times before, traders come in and slowly buy up over a few weeks or months at the share's lowest price (minimizing risk) then push it up quickly to then take advantage of profits by slowly selling back down. Although I agree the share price is deflated way below what it's worth, don't hold your breath on anything significant coming out of yesterday's trading.
A classic play and I'll expect the price to slowly fall back to where it was over the next few weeks, the volume today speaks for itself.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.991M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3533907 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 7167616 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 3533907 | 0.005 |
17 | 7716851 | 0.004 |
15 | 14092858 | 0.003 |
10 | 9030011 | 0.002 |
9 | 27000000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 7167616 | 12 |
0.007 | 1838429 | 5 |
0.008 | 655000 | 2 |
0.009 | 1295070 | 6 |
0.010 | 2071714 | 4 |
Last trade - 16.12pm 06/11/2024 (20 minute delay) ? |
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