Commsec tells me that only 60k shares were traded on 16/11 (all at 21c, interestingly). The preceding week had seen more action as the price pushed up from around 16c to 21c - between 6/11 and 13/11 approx 1024500 shares were traded.
The action from recent weeks suggests to me that:
a) Someone has been accumulating what they can below 18c - possibly keeping the close at 18 to encourage selling (the idea would be that this is an acceptable sell level for almost anyone, a loss not too big for those who bought in over 20c and still a great gain for longer term holders who now see stagnation).
b) It is getting harder to do that below 18c.
c) Something is brewing - my guess it that this pops on a big announcement, though no idea when that will come.
GLTAH
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4.2¢ |
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Mkt cap ! $12.32M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.1¢ | $20.71K | 491.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 121402 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 69773 | 0.041 |
2 | 170000 | 0.040 |
2 | 81923 | 0.039 |
1 | 200000 | 0.038 |
1 | 5000 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 121402 | 2 |
0.054 | 6889 | 1 |
0.061 | 109000 | 1 |
0.065 | 280000 | 1 |
0.070 | 95000 | 1 |
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