As I have posted before it looks like they are trying too sell out completely and are doing so at any share price they can get.... relentless selling.
At the moment, they are getting rid of about 400,000-500,000 shares per week (1% of their voting power, they still hold just under 8%), so based on what they have left, I believe that this sell down will last between another 6-8 weeks, putting significant pressure on the share price.
So unless anything positive comes out from the company via an announcement, this one is heading south.
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Last
$6.63 |
Change
0.010(0.15%) |
Mkt cap ! $247.7M | |||
| Open | High | Low | Value | Volume |
| $6.64 | $6.66 | $6.62 | $496.8K | 74.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6903 | $6.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.65 | 5500 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| TRS (ASX) Chart |