Looks like a few short term traders bailing out today, the company is much better off in the long term without the day traders who churn it up and down for pips on a 2 cent stock which has big % moves like 5-10% which is good for them but a complete turnoff for institutions who if they want a decent size position have to pay up to build a decent position and when they have finished buying in volume the share often drops back down to where it was before they started buying and they start off with a 10% loss, this problem is much less of an issue for a 50 cent stock because the day to day movements are much lower as a % compared to a low cents stock and a stock being more attractive for institutions can only be good for the register.
Boab Metals is a producer in the making and a natural fit for institutional resource stock investors with the high quality of the Sorby Hills project and the consolidation is likely to make the company a lot more attractive to these type of investors but less attractive for the day traders.
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $37.34M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.0¢ | $91.75K | 558.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 290653 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 107425 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 280653 | 0.160 |
9 | 235964 | 0.155 |
11 | 341843 | 0.150 |
6 | 281358 | 0.145 |
8 | 240883 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 107425 | 2 |
0.170 | 352451 | 4 |
0.175 | 110828 | 2 |
0.180 | 158036 | 4 |
0.185 | 162183 | 5 |
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