It's just typical illiquid small cap behavior. My sense is a few small cap managers bought into the "PE takeover" rumor, which hasn't eventuated and now they are pulling out. You can see that through broker activity. If it makes you feel better, it's not the shorters.
Bright future, page-37
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Last
$1.95 |
Change
-0.060(2.99%) |
Mkt cap ! $510.0M | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.01 | $1.94 | $737.3K | 375.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7680 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 2509 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CAT (ASX) Chart |