CNB 1.28% 38.5¢ carnaby resources limited

Ann: Completion of SPP, page-50

  1. 260 Posts.
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    Let's imagine an extreme scenario where there's only one seller in the whole CNB market. Current price is 43.5c and this seller places their sell order of 1 share at the price of $10. All it takes is for one buyer to want to buy that 1 share at $10 for the market price to jump from 43.5c to $10! Price increases by more than 20 times through only one trade.

    What we've been seeing lately is big buy orders pushing up the price to meet the seller's prices. As more and more sellers drop off and shares become more scarce, prices will keep moving up aggressively, 'gapping' as they say when price skips the next incremental price increase. This is amplified here because we only have around 110m shares and most of them are tightly held by long term holders. We've all been saying this from the very start and I believe as CNB releases more quality announcements and gets more attention, this aggressive increase will happen on a larger scale where we will see massive jumps in price in a very short period of time.



 
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Last
38.5¢
Change
-0.005(1.28%)
Mkt cap ! $66.19M
Open High Low Value Volume
39.5¢ 40.5¢ 38.0¢ $300.2K 758.6K

Buyers (Bids)

No. Vol. Price($)
5 45779 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
41.0¢ 83128 2
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Last trade - 16.10pm 29/08/2024 (20 minute delay) ?
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