no, it doesn't quite work like that. it's hard to explain but what we saw today, imo, was an attempt to take the share price to a level to discourage those in the blue box from selling - by professional traders, not related to the company, who are bullish on this stock.
chart, page-6
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $17.44M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $5.398K | 187.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 217582 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 158771 | 2 |
View Market Depth
| Last trade - 15.57pm 12/07/2024 (20 minute delay) ? |
| PGM (ASX) Chart |