The pattern of this and another stock I own and likely plenty more is large firms accessing shares via lending and operating algorithms. I have no clue really but it does not seem to be continuous shorting to drive the price significantly lower and then hand back the shares given the trading range. I could be wrong of course and the underlying fundamentals supports a higher price anyway IMO. I await a larger contract for some higher range at least.
Ann: Gascoyne Resources Update, page-34
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Last
$3.29 |
Change
-0.070(2.08%) |
Mkt cap ! $1.497B | |||
| Open | High | Low | Value | Volume |
| $3.35 | $3.38 | $3.29 | $1.645M | 496.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2123 | $3.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.31 | 9038 | 3 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |