Just prior to consolidation there was nothing for sale other...

First 5 Last

Share
Profile

Follow
silvahman

4,445 Posts.

337

18/08/22

13:29

Post #: 63190214
Share

Originally posted by amb005: ↑

Thought I would share this here as others might be able to get some context and use out of it. I use this data to automate trading ideas, but you can get some good info from the data it spits out too. Ive updated the last year of data to represent the post consolidation values, so prices and volume adjusted accordingly.

On the right you can see data from the last 6 months vs the last 12 months of MDC, like average volume, value, daily movement, the number of positive days, negative days, etc.

View attachment 4610542

So the last 6 months our average daily volume is 3331 shares a day, with a value of about $43k traded.

However you can see this last month on the table, volume has dropped off considerably since consolidation, we only got one day above the 3331 avaerage post consolidation.

If you check the average VWAP for the last 6 months, meaning the price most volume went through, its $13.66, which we are close to getting back to, and $18.20 is the vwap of the last 12 months, so would be good for us to start heading back up to those levels as we near nasdaq listing.

Expand

Just prior to consolidation there was nothing for sale other than 39k shares at 10c aka now 15$. So no surprise volume has dropped off as sellers were done. The consolidation will bring some confusion is why there has been more sellers come out since consolidation. You said in another post you sold your holding just before consolidation hoping to get back in at all time new lows of sub 4-5c aka now 6-8$?

MDC Price at posting: $13.00 Sentiment: Hold Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

EMC

Everest Metals dips as company clocks low gold grades at Taipan, WA

PSC

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

HZN

Crickets as Horizon Oil unveils new project picked up in Thailand

DES

DeSoto lands key exploration rights for Syncerus gold project in Guinea

BGL

Market shrugs off Bellevue's 'conservative' FY26 guidance

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

Why a Fed rate cut could obliterate your super – and no one's warning you

LKO

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

AFP

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Just prior to consolidation there was nothing for sale other...

Top Stories

Everest Metals dips as company clocks low gold grades at Taipan, WA

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

Crickets as Horizon Oil unveils new project picked up in Thailand

DeSoto lands key exploration rights for Syncerus gold project in Guinea

Market shrugs off Bellevue's 'conservative' FY26 guidance

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

Why a Fed rate cut could obliterate your super – and no one's warning you

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

Featured News