I am not sure if research shows any correlation between buying amount and future SP action. I would say there might be less of a signal BUT
NC has bought on market twice in the past 6 months. $40k all up. Not really a token amount. Also he IS in the best position to know where the company is heading.
If I remember correctly, the best insider buying signal comes when the SP has been beaten down ... fairly similar to what AJX has experienced the last two days. NC may not have intended to buy BUT ... anyway that is a very good sign that someone who has intimate knowledge of what is happening with the business thinks the company is undervalued.
Ann: Appendix 3Y - N Clark, page-11
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $15.73M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $4.212K | 408.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3043885 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 450000 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AJX (ASX) Chart |