The trading of this stock is so minimal at any time. A trade of $45k is hefty so hopefully good news is coming. The largest trade this year was in December for 22 million shares which is about .001% of the 2.2billiin on offer. Many long termers hold as they can't afford to sell at the current SP and the majority shareholders hold tightly so if the news is good a 10x rise would not surprise as if you want in on good news, the volumes available for large investors won't be there and the sp will look after itself. Wishful thinking maybe but no one in their right mind is going to buy $45k chunks of Pyc without some kind of inkling of good news. I would like to sell a large chunk of my allotment from the rights issue and take a 60% profit to invest more in another stock which I have and is really kicking some goals BUT when someone is buying 45k lots at a time, it makes you think twice. Any kind of news would be great as they still have no marketing skills.
PYC Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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