Any stock can be pumped and dumped theoretically - even WES or BHP or CBA.
Take a look at LYC.AX - it is a very strong company with exceptional revenue, cash holdings and future revenue streams. It currently trades in the $6.50 to $8.00 range and is regularly pumped to the $8 mark before being unceremonously sold off to around $6.25 - $6.40 range.
If intos have enough money, they can "pump" up and stock and then sell it for a profit.
Hazer is a growing company and therefore very suseptible to volatile trading. that's NOT a sign of a weak stock IMHO.
Price action, page-3187
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Last
33.5¢ |
Change
-0.015(4.29%) |
Mkt cap ! $77.08M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.0¢ | 33.5¢ | $25.51K | 75.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13525 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| HZR (ASX) Chart |