Don't be fooled by the large sellers showing their hand on the ask side, it may even be a positive.
From my research there appears to be just under 52 million shares issued and of these 48% are held by a major shareholder. Considering the amound of shares being churned at the moment once this lot of sellers have been cleared (and the stock is held on to) then they'll be little left to trade and another upswing can start to form tomorrow.
looks lke this is going to explode, page-9
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $27.10M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 16.0¢ | $5.716K | 35.72K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 10.52am 16/08/2024 (20 minute delay) ? |
| SRT (ASX) Chart |