I'm still wondering about this.. If it was some kind of ETF or index buyers, that explains the buying - but what about the sellers.. where did they suddenly appear from to facilitate like $45m of shares being traded at the close..?
no idea if this makes sense.. but a scenario that comes to mind could be that one or more of of the institutions that participated in the recent raise wanted out (selling at $1.30, they'd be picking up ~15% profit on the $1.15/share they paid), while another institution wanted in (or to increase an existing position) – and so, we have the buyer/s and seller/s, and they agreed to exchange the shares on the market, which is what we saw on Friday.
Really dunno if that is logical / makes sense.. just an uninformed hypothesis.. would be interested to hear what others more knowledgeable about the mechanics of these things reckon
Ann: 2024 Half Year Results - Investor Presentation, page-58
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Last
$1.33 |
Change
0.090(7.29%) |
Mkt cap ! $1.155B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.39 | $1.26 | $65.51M | 49.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12000 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 321150 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |