I have just picked up 1 million at 11c. Good move/bad move...time will tell.
There is a firm/broking house that is doing investor presentations and marketing the stock to insto's/fund managers.
Their analysts and marketing team are of the view that RED is undervalued and given the cessation of the desist order and recommencement of production the sp will move north towards 20c plus.
My guess is that some of the turnover is crossings and some is moving from individuals to insto's/fund managers
Good luck to all
Big volume spike., page-11
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Last
39.5¢ |
Change
-0.020(4.82%) |
Mkt cap ! $2.686B | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.0¢ | 39.0¢ | $9.181M | 23.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1243803 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 139143 | 5 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |