I agree with your manipulation theory. The buyers and sellers must have been the same entities as the volume of trade didn't trigger a change of substantial holder notice.
I went through this with Perenti recently where the price was aggressively sold down from $1.05 to 78c on no news. Real value is at least $1 but months later it is still low 90c range enabling manipulators to slowly accumulate at the artificially low price.
this one was more extreme as CNB is still an exploration company so fear is easier to manufacture.
I agree with your manipulation theory. The buyers and sellers...
Add CNB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
68.5¢ |
Change
-0.035(4.86%) |
Mkt cap ! $111.5M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.0¢ | 66.0¢ | $232.9K | 343.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 496 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 2249 | 2 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
|
|||||
|
Last
68.0¢ |
Change
-0.035 ( 6.85 %) |
||||
| Open | High | Low | Volume | ||
| 69.0¢ | 69.5¢ | 66.0¢ | 96057 | ||
| Last updated 15.14pm 01/05/2024 ? | |||||
| CNB (ASX) Chart |