That's very true. I just always tend to think of the book 'Where are the customer's yachts' when I see trading like this. I shouldn't complain though as it seems to be pushing down the price for the time being to provide retail investors who actually like the company with an opportunity to average in at a lower price - it's just annoying to see large players target stocks that allow them to throw their weight around to make short-term gains without much interest in the long-term success of a business.
That being said, they're probably making profits in the short-term doing so and there is no promise of long-term gains, so time will tell if a long-term outlook pays off with regard to this company. I could be eating my words in a couple of years, who knows.
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Last
6.0¢ |
Change
-0.005(7.69%) |
Mkt cap ! $34.89M |
Open | High | Low | Value | Volume |
6.6¢ | 6.8¢ | 6.0¢ | $28.33K | 443.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14842 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 159168 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14842 | 0.060 |
1 | 57000 | 0.057 |
2 | 24995 | 0.056 |
3 | 34686 | 0.055 |
3 | 66077 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 159168 | 4 |
0.090 | 10000 | 1 |
0.094 | 49001 | 2 |
0.110 | 151000 | 2 |
0.115 | 394499 | 1 |
Last trade - 14.28pm 04/10/2024 (20 minute delay) ? |
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