I reckon it’s big fish buying on market that has powered this recent run and driven the price up from around 75c. Maybe a potential cornerstone investor or two getting a toe-hold on market before stepping into a placement of some sort in the next round of fund raising.
We won’t know if this is the case unless they hit the 5% substantial holder mark, or if it is broadcast publicly for some reason. But the nature of that run has looked very much like institutional/investment house buying to me.
AXE move into biotech, page-15
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $59.88M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 25.0¢ | 23.0¢ | $98.54K | 409.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 161984 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 5863 | 2 |
View Market Depth
| Last trade - 14.33pm 10/09/2024 (20 minute delay) ? |
| AXE (ASX) Chart |