The company issued about 98M shares on 25/11 and I believe that much of the selling has been in respect to the beneficiaries cashing out their benefits.
As the days have passed this selling has slowed as these have washed through.
We closed much nearer the VWAP today and that may auger well.
Not suggesting any conspiracy theory nor am I predicting what is likely to happen to the price, but the company has (as others have stated) drilling news and a scoping study pending in the near term.
In my opinion the probability suggests more upside in the near term than otherwise.
The company issued about 98M shares on 25/11 and I believe that...
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $165.3M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.0¢ | $280.5K | 1.605M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 133 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| NMR (ASX) Chart |