It seems there are two possible scenarios for the seemingly strange bids: 1. someone wants to get out by pushing price higher 2. some fund managers are trying to make their existing share holding look better.
Given that the new strategic alliance has created a business with much better potential, I think the second scenario is more likely the case.
great start!!, page-22
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Last
$1.66 |
Change
0.000(0.00%) |
Mkt cap ! $813.5M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.67 | $1.64 | $83.83K | 50.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14585 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 1891 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NGI (ASX) Chart |