It is literally the opposite. The major holder is the one supporting the price. I’m with @Retired123, will be interesting to see how it trades (absence any news) when they stop stepping up as buyers.
Ann: Change in substantial holding, page-16
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 (20min delay)
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.5¢ | $50.66K | 307.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 627516 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 550718 | 18 |
View Market Depth
| Last trade - 11.34am 02/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |