Buying side is being sold into at will. At the same time, sell orders just keep on stacking up. For what is meant to be a 'tightly' held stock, particularly among the top 20, it's hard to make sense of what's been driving this trading pattern.
The only things I can think of, are: we're meant to be learning about the work schedule for tranche 2 of the India deal this month - perhaps the market has concerns that it might be delayed, or re-scheduled altogether. Alternatively, the market might have some doubts over working capital to commence the 5 year lock order (if in fact received), since receipts would flow through later with a lag.
Mmmmh, still very tempted to top up, but I'm somewhat skeptical when there is a 'wall' put up on an even number bid like 10c, especially with one large order accounting for the majority of it. Looks to also be a fairly significant threshold from a technical perspective (triple bottom?), so a bounce from here is pretty crucial in the short term.
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $31.84M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 11.0¢ | $1.954K | 17.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 181934 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 1587 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 181934 | 0.110 |
9 | 362954 | 0.105 |
14 | 289340 | 0.100 |
1 | 10204 | 0.098 |
1 | 30000 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 1587 | 1 |
0.120 | 88049 | 7 |
0.125 | 25000 | 1 |
0.130 | 250522 | 8 |
0.135 | 239000 | 3 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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AVA (ASX) Chart |