That’s an accumulation price cap manoeuvre. Done as a why to scare holders into not buying on market as it looks like people want out.
With volumes down, you scoop up the shares you want and then remove the cap.
MGT $ 1.00 TARGET PRICE 2024, page-496
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 (20min delay)
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Last
24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $25.07M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.5¢ | $29.38K | 117.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 36620 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 33897 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MGT (ASX) Chart |