Perhaps it was to stop the share price sliding to 52 week lows and this was the cheapest and easiest way he knew to signal to the market that he thinks its undervalued at these levels (but not so undervalued hes willing to put a decent amount in).
Either way its better than selling but I wouldn't go as far as its "very bullish".
Perhaps it was to stop the share price sliding to 52 week lows...
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Last
$2.59 |
Change
-0.060(2.26%) |
Mkt cap ! $818.0M | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.64 | $2.57 | $1.487M | 569.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3122 | $2.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 3122 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RIC (ASX) Chart |