Not manipulation - just a typical problem with any company whose shares are very thinly traded. The company has about 100M shares but nearly 90% of these are held by the top 4 shareholders. This leaves a mere 10M available for trade and a fair guess much of this is also held by longtermers (like myself) and again is not available. The net result is a very small daily turnover, generally less than 20000 shares and often zero.
With a very sparse buy/sell list large gaps between buy&sell are quite common.
My suggestion is to put them in the draw and wait for dividends to start flowing - hopefuly this will increase heaps over the next couple of years now the expansion program has almost finished.
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$4.74 |
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Mkt cap ! $467.3M |
Open | High | Low | Value | Volume |
$4.69 | $4.77 | $4.68 | $23.76K | 5.066K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4 | $4.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.76 | 182 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 4 | 4.720 |
1 | 4 | 4.710 |
2 | 269 | 4.700 |
2 | 1763 | 4.690 |
2 | 3452 | 4.650 |
Price($) | Vol. | No. |
---|---|---|
4.760 | 182 | 1 |
4.800 | 2000 | 1 |
4.990 | 749 | 1 |
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5.220 | 6000 | 1 |
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