Hi GeoViz
The 90 day trading volume average is 235000 traded per day, in the last 20 days we have had 10 days above the 90 day average and 5 of those over 4 times the average, what has been happening is every time the price starts to climb and depth develops on the Bid side a major shareholder dumps into the depth eventaully driving the price backwards.
This is seriously being played with, exactly the same as just before the last placement.
This months Australian Mining Monthly states on page 32 "Poseidon Nickel is preserving cash for the time being, but a capital raising is likley to fund an aggressive drilling program and potentially an acquition"
Cheers
BM
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $12.61M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $1.041K | 343.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 115 | 94027699 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 51264500 | 50 |
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| Last trade - 11.33am 07/10/2024 (20 minute delay) ? |
| POS (ASX) Chart |