21.5 Million of the shares available for sale are at over 5c, with most at 7c, so yeah there are far less sellers at current rates than it looks.
I don't see it as deliberate manipulation though, more large holders setting a nice price target to sell at for themselves!
Accumulation, page-16
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $69.08M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $37.57K | 1.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 11509043 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1523856 | 5 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |