I would say some price manipulation at play today. Yesterday saw a 200k sell order filled which helped bring the price down due to the illiquid nature of the stock. Today a new 200k buy order, knowing that there is not enough on the total sell side to fill it, so buyers below this order will have no choice but to raise the prices in order to buy today, assuming this buyer still has a fair amount of shares already.
Not a bad tactic if you have a lot of money to throw about!
Ann: Broker Business Overview, page-17
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Last
70.0¢ |
Change
-0.010(1.41%) |
Mkt cap ! $81.72M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 73.0¢ | 70.0¢ | $97.07K | 137.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16333 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 11069 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LBL (ASX) Chart |