A common technique to pump up a share price is load the 'bid' side with dummy orders to give the illusion of strength. These bids typically never get filled and are kept just behind the last price. People think there is plenty of support and start lifting the ask, driving up the share price. The dummy bids move up as far as they can keep convincing people to buy shares, whilst usually selling on the way up.
The opposite is also true, we can see here there is a 4m sell order @ 4.5c. Someone wanting to offload that many shares wouldn't just put it in as a single order. It'd be broken up and fed to the market. I think this is a dummy order to give the impression there are more sellers than there actually are and persuade holders to offload at a lower price. That single order is worth ~55% of total sell orders @ 4.5c
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.76M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $2.585K | 1.102M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
92 | 66712278 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 84549611 | 44 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
87 | 65254208 | 0.002 |
87 | 283381960 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 53169611 | 39 |
0.004 | 35936194 | 42 |
0.005 | 13887988 | 16 |
0.006 | 4350999 | 9 |
0.007 | 2235283 | 7 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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