@BSquire
IMO, all those massive volume of cross trades are probably a sign that the SP is heavily manipulated by the shorters.
i.e. the shorters drove it under $1 (a psychological level) has probably broken lots of short and medium holders and even some long term holders. Some of them might get emotional and angry then made an irrational decision to sell low (as opposed to buy low, sell high). Then the shorters cover the shorts and make some almost instant and dirty profit. Easy money for them at the expense of genuine investors in the current macro climate and absence of news from the board. Its almost stealing. However, the risks for shorters should increase as the SP is approaching closer to book value. If some unexpected events / announcements come out, they will be burned hard. It has happened before in the USA not long ago (i.e. GameStop short squeeze).
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Last
61.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $300.5M |
Open | High | Low | Value | Volume |
62.0¢ | 62.5¢ | 60.5¢ | $556.5K | 905.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 238689 | 60.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 10698 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 238689 | 0.605 |
61 | 482900 | 0.600 |
8 | 103176 | 0.595 |
18 | 185061 | 0.590 |
5 | 68592 | 0.585 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 10698 | 2 |
0.620 | 22447 | 4 |
0.625 | 36393 | 3 |
0.630 | 50229 | 4 |
0.635 | 6000 | 1 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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NVX (ASX) Chart |