SPR spartan resources limited

Bots still active, and obvious play in the closing price auction...

  1. 3,048 Posts.
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    Bots still active, and obvious play in the closing price auction to drop the share price half a cent back to 40c. I put in a small order at 40.5c and saw the bots adjust to ensure a 40c finish.
    Sellers want a higher price, buyers want a lower price. If the bots are taking the price lower, only a couple of possibilities behind the action:
    1) Shorting and attempting to drive the price lower, and there is minimal shorting here;
    2) Accumulation.
    I have also seen share prices driven lower leading into a takeover offer, and we are much more attractive down here, imo.
    DYOR.
    Last edited by Prisoner24601: 23/01/24
 
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