For those crying that the SP is being capped at a certain price or is being manipulated you have got to be kidding. There have already been 7,500 trades in just over an hour of trading with 76 million shares changing hands. SP's can be capped or manipulated on low volume but not when 5% of the entire share registry has changed hands in over an hour....
In reality, this announcement has provided no information which could be expected to move the market.
The announcement has confirmed that the product has been validated. do you think that the market was valuing the company at over $1BN on the basis the chip would not be validated....?
For those crying that the SP is being capped at a certain price...
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 (20min delay)
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.6M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.8¢ | $182.2K | 959.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 79 | 2872122 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 156973 | 7 |
View Market Depth
| Last trade - 10.18am 31/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |