The market capitalization of the company has doubled in 6 days. Excellent by anybody's standards.
It would have tripled or quadrupled without all the selling. The selling has been absolutely huge !
40% of the issued shares have been sold, basically, roughly. And bought by....
It will be over soon, unless its alot of churning to keep the SP down, but I reckon its just a fund cashing in. To many shares changing hands. Dont need to churn that much. Massive amount of shares sold into the bid. Only need to sell 100 shares into the bid, not 100,000 shares !
They might (probably do) understand the potential but if they have to pay back a 5 million dollar loan in a matter of weeks, then they have no choice but to sell. Absolutely no choice.
All good for those who want more at a great price.
Ann: ADRC soon to be available on Intel IOT gateway platform-XPE.AX, page-418
Add OAK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.673M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24280 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 5659 | 1 |
View Market Depth
| Last trade - 12.24pm 17/10/2024 (20 minute delay) ? |
| OAK (ASX) Chart |
Day chart unavailable