The VWAP of the majority of the SOI is now just below this current price level, within pips (following historic high SP3 volume traded over the previous 10 weeks). I think that is quite literally the definition of the current price level being the consensus of the broader base of shareholders?
I see this as a normal consolidation period in between FA catalysts and major share registry changes, with a very thin sell side that isnt creeping down (the large majority of the sell side is actually at 10.5c and 15c, not from 8.8c to 10c)
After the SOI upheaval a couple of weeks ago (refreshing a previously stale registry and creating a strongly supported higher VWAP price level) if any major news drops acting as a catalyst I see this rerating deep into the teens. I see this as primed of a share registry as you can get, in stark contrast to your claim of a "current price level is still only a manipulation of certain traders".
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $5.884M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.2¢ | $19.52K | 824.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 223794 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 41700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 223794 | 0.021 |
2 | 265000 | 0.020 |
3 | 195305 | 0.019 |
3 | 368647 | 0.018 |
3 | 642818 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 41700 | 1 |
0.026 | 112196 | 1 |
0.028 | 35714 | 1 |
0.029 | 100000 | 1 |
0.030 | 62559 | 2 |
Last trade - 15.48pm 25/07/2024 (20 minute delay) ? |
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