My theory is that instos aren’t letting the SP fall below certain arbitrary level (20c?). They’re buying up MEI stocks when the SP falls then sells off for profit hence the ups and downs over the last few months. Wonder where the SP would be without the instos? Just a guess. Maybe it’s just the market doing its thing.
And, I’m somewhat ok with not much news coming out as of late. look at WA1, great drilling results continue to flow out but their SP get smashed for no reason… yikes
General discussion (MEI), page-3815
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $224.0M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.3¢ | 9.6¢ | $604.6K | 6.126M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 117294 | 9.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 918330 | 8 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MEI (ASX) Chart |