Imagine someone was considering a take over offer. It might be in their interest to keep the SP down over an extended period to make their offer sound better. Multiple sell orders at 76 cents will fly under the ASX radar. While also having multiple buy orders in at 75 and 75.5. The worst that can happen is they sell some shares at 76 cents. Having purchased some at 75.5, it is a low risk strategy to keep the SP down. Hypothetically of course.
4 biz days to go .., page-16
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Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $17.32M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.6¢ | $35.74K | 1.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 125000 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 129619 | 1 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| ARI (ASX) Chart |