Another interesting day’s trading, but this time in the other direction.
So…what to make of it?
Volume wasn’t paltry, but wasn’t large either…around $120,000 worth of shares traded. The share price seemed to fall quite quickly and suddenly when most of these were traded in the middle of the day.
A few speculative scenarios…
a) an insider with knowledge feels fairly sure there is no take over offer coming, and so has sold.
b) it’s someone like @bluetech, who isn’t sure what is happening and has decided to take a profit while it’s available.
c) Mr Kanji himself is doing some strategic selling, to drive the price lower to make whatever price he has in mind for a take over offer more viable.
Of course, it might be just a case of “more sellers than buyers” on a given day in a relatively lightly traded stock, and there is actually no point in trying to explain it.
Guess we’ll just have to sit patiently and see what (if anything) happens next
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $75.16M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.5¢ | $9.703K | 168.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 370000 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 55000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 370000 | 0.055 |
1 | 168340 | 0.053 |
1 | 283000 | 0.052 |
1 | 10000 | 0.050 |
1 | 40000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 55000 | 1 |
0.060 | 1040000 | 2 |
0.061 | 5000 | 1 |
0.069 | 21310 | 1 |
0.075 | 400000 | 1 |
Last trade - 10.48am 29/08/2024 (20 minute delay) ? |
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ST1 (ASX) Chart |