Yes Zabros - the volatility in the sp is due to the large retail shareholder base
A broker could give the work experience kid a few accounts to trade and move this either way - this is actually a con of having a tighter shareholder base is that the bids and offers are played by the smaller holders and their emotions jump up and down along with the sp - thinner market depth means higher volatility
Works both ways and that is why ADO moved so far last time as their was only 1 large holder distributing stock over the last run up.
When news comes it will move up in the same fashion it moved down
Again just my views
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.28M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $9.135K | 435K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 144573 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 313168 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 144573 | 0.021 |
13 | 1736957 | 0.020 |
9 | 2105131 | 0.019 |
6 | 2228502 | 0.018 |
5 | 1724748 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 313168 | 4 |
0.023 | 540459 | 7 |
0.024 | 141966 | 2 |
0.025 | 478846 | 7 |
0.026 | 38461 | 1 |
Last trade - 15.12pm 09/10/2024 (20 minute delay) ? |
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