We also have a situation where the sp has gone from around 2.4c to 3c lots of times, so every man and his dog can see that one can make a good profit with a wee trade here.
So once the sp hits or nears 3c, in comes the sells. Springtree might still be selling too. Even AE have traded some, although they sold at an average of over 3.5c.
One day it will push much higher, but it'll take either some hot news, a big new buyer or just the realisation of the market that neu really are super cheap given their potential.
If I were a fund manager (of a fund like Hunter Hall), I would just keep buying up the shares. Once you've taken out the trading parcels and springtree - the only way is up!
We also have a situation where the sp has gone from around 2.4c...
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Last
$19.41 |
Change
-0.580(2.90%) |
Mkt cap ! $2.505B | |||
| Open | High | Low | Value | Volume |
| $20.10 | $20.10 | $19.40 | $2.325M | 118.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36 | $19.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.42 | 136 | 8 |
View Market Depth
| Last trade - 12.03pm 09/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |