The VWAP of the majority of the SOI is now just below this current price level, within pips (following historic high SP3 volume traded over the previous 10 weeks). I think that is quite literally the definition of the current price level being the consensus of the broader base of shareholders?
I see this as a normal consolidation period in between FA catalysts and major share registry changes, with a very thin sell side that isnt creeping down (the large majority of the sell side is actually at 10.5c and 15c, not from 8.8c to 10c)
After the SOI upheaval a couple of weeks ago (refreshing a previously stale registry and creating a strongly supported higher VWAP price level) if any major news drops acting as a catalyst I see this rerating deep into the teens. I see this as primed of a share registry as you can get, in stark contrast to your claim of a "current price level is still only a manipulation of certain traders".
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Mkt cap ! $5.233M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 589629 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 308103 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 589629 | 0.018 |
3 | 700140 | 0.017 |
3 | 1218750 | 0.016 |
1 | 500000 | 0.015 |
1 | 20000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 308103 | 3 |
0.021 | 203398 | 1 |
0.022 | 109551 | 1 |
0.023 | 700000 | 1 |
0.024 | 66700 | 2 |
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