ARI 8.33% 2.2¢ arika resources limited

Ann: Admiral Bay Zinc Project Scoping Study Update-MCT.AX, page-51

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  1. 37 Posts.
    Potentially the same person or a couple of people collectively bought a value of 700k+ yesterday at an average of ~$0.0526. 0.055 give them a little buffer but if I was putting that type of money down a couple of % is hardly worth the trouble. Thats a confident punt (101k orders going through moments after a large sell order being placed shouldn't be ignored). We finished the day with a high volume green hammer. Depth looks good and we are currently seeing low volume/low supply. 30k being traded today above yesterdays lows. The stock is oversold on every indicator. Someone has stacked the depth and placed a $57500 buy order at 0.005, obviously fake but its either there to inspire confidence in the stock or could be a negative sign depending on it being yesterdays buyer or seller. Lithium is hot right now, perhaps over done, give it time to breath and churn though a few orders and solidify the holders. Zinc an extra kicker. Once someone people gain some confidence back and start nibbling into the sell order at 0.057 it'll lure in some short term traders and we will find ourselves back into the 6c region, poised for any future announcements. IMO, GLTH.
 
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Last
2.2¢
Change
-0.002(8.33%)
Mkt cap ! $13.60M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $55.17K 2.444M

Buyers (Bids)

No. Vol. Price($)
7 1122634 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 1097545 3
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Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
ARI (ASX) Chart
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