Interesting but by no means unusual , and an observation nonetheless , but the OTC was very interesting to look at. Especially when all other lithium players were mostly down . And some of the larger ones like Albemarle et al more than others. However going against the trend was SYAXF and of course Piedmont. With respect to the OTC counter , it was interesting in that the volumes which was almost 3 times the average daily volumes for the last 30 days was rather benign except for the fact that it was Canaccord Genuity ( our Broker on numerous occasions .... ) ...., who was sitting on the offer at 2.6 cents with this massive sell order of 940,099 when all other orders were in the parcel sizes of 10 - 20 thousand including their own BUY order at 2.55 cents.
So then late in the afternoon , this ' capper was eaten into with first a couple of nibbles at 10,000 each and then a couple of successive larger orders over 200,000 amounting to a total of 533,249 got smashed at that price point. So this started at around 3:18 pm through to the further 50,000 which went through at 3;30:13 pm and another 100,000 at 3:39:13 pm ...., leaving Canaccord with 387,850 of its original 900 thousand odd and another smaller order of 10,000 ahead of it on the close.
So again , the set up looks interesting if our own broker sees a need to ' Cap ' the OTC price , and where you don't see them participating transparently at that level normally. Normally , they are just in the market sitting way outside the bids and offer market making prices with relatively small parcels.
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Interesting but by no means unusual , and an observation...
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2.6¢ |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 7497011 | 2.6¢ |
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Price($) | Vol. | No. |
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2.7¢ | 5105482 | 13 |
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19 | 7195085 | 0.026 |
32 | 8211284 | 0.025 |
27 | 6838572 | 0.024 |
21 | 4765707 | 0.023 |
36 | 4413692 | 0.022 |
Price($) | Vol. | No. |
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0.027 | 3812968 | 7 |
0.028 | 3987299 | 29 |
0.029 | 9469476 | 19 |
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0.031 | 2789626 | 6 |
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