I was happy to take my time and pick a few of these up today...
Including another couple of parcels on the close.
The weekly chart is quite attractive...and whilst today's trading activity looks rather off-putting, I notice such days (apart form the massive volume), are not that uncommon for this stock, with similar "end where she started" type patterns previously.
This suggests to me a shareholder, or group associated with this Company, like to play out the same games from time to time. Given previous volumes have been quite light though, I am more inclined to suspect it is simply a larger shareholder (or holders), who like to generate volatility from time to time...perhaps to scalp a few points for profit here and there around announcements?
Today's announcement was more or less flagged some months ago...so was no surprise to followers...and likely not the real reason for today's price rise...which I expect was manufactured for what ever reason.
It's timing however, with the timing of likely fundamental activity and apparent technical attraction, does suggest a play has been instigated here...of which today was possibly just a small part.
This is likely to be a buy and look away prospect in the interim in my view...with a 70% eye on the technicals and 30% looking at the4 fundamental activity.
Cheers!
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $9.507M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $580 | 200K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
34 | 29443702 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 52585197 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 29443702 | 0.002 |
21 | 39006742 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 52585197 | 27 |
0.004 | 34855707 | 16 |
0.005 | 16100418 | 10 |
0.006 | 19380067 | 10 |
0.007 | 5722471 | 6 |
Last trade - 13.20pm 18/09/2024 (20 minute delay) ? |
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AVE (ASX) Chart |