Well, somebody’s definitely buying it and as you say, a lot of money has changed hands. I don’t think it’s retail investors buying as they (we) are the ones most easily spooked by this kind of price action. Therefore it would seem to be your more sophisticated or institutional investors spending $16 - $17 million dollars today.
Does that seem like negative sentiment to you? To me it seems like a concerted effort to build exposure, spending significant sums to do that, for as low a price as possible in order to profit greatly in the future.
But that’s just my thoughts and what do I know?
Ann: Change of Director's Interest Notice, page-16
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Last
$1.90 |
Change
0.055(2.98%) |
Mkt cap ! $358.9M | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.96 | $1.82 | $1.648M | 868.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18554 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 10988 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| WBT (ASX) Chart |