MX1 3.75% 8.3¢ micro-x limited

Ann: MX1 - Argus Successful Field Testing, page-62

  1. 480 Posts.
    lightbulb Created with Sketch. 50
    It's likely to be institutional. Even with self-wealth, a $300 trade that gives you 20% gain - i.e. $60, only Endy up being $40 profit due to buy/sell fees. Then tax on the income brings that to $20-30.

    The trend is clear though. Typically in the last hour to 30 mins of trade, there are one or more low volume, low-ball trades. Particularly on a Friday. Clearly taking advantage of how the share price is recorded and announced (i.e. end of day or week price).

    I don't know what the motivation is, but potentially trying to keep the price down so they can accumulate for a future announcement on sales. Or maybe they invest in a stock that might be considered a competitor. If others can offer an explanation... I'm all ears.

 
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Last
8.3¢
Change
0.003(3.75%)
Mkt cap ! $48.24M
Open High Low Value Volume
8.0¢ 8.3¢ 7.7¢ $68.81K 863.0K

Buyers (Bids)

No. Vol. Price($)
1 22510 8.0¢
 

Sellers (Offers)

Price($) Vol. No.
8.3¢ 221878 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
MX1 (ASX) Chart
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