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.
- Forums
- ASX - By Stock
- Ann: Ceasing to be a substantial holder
Interesting but by no means unusual , and an observation...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYA (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $267.6M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.5¢ | $5.873M | 225.0M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 13190213 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 10358362 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 6528101 | 0.025 |
52 | 12782756 | 0.024 |
47 | 13570336 | 0.023 |
62 | 16102358 | 0.022 |
30 | 6323882 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 10358362 | 9 |
0.028 | 9533063 | 18 |
0.029 | 11923770 | 24 |
0.030 | 17023301 | 31 |
0.031 | 2557989 | 8 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |