What makes you think ‘someone’ is accumulating (ie a single entity)? Is it reflected in the sales history?
I agree it makes little sense anyone buying at the recent raise would sell now at ~$20k loss after just a few weeks, particularly as drilling program seems on track and generating positive results
I think the constant selling is due to one or both of the following:
1. Residual major CBS shareholder/s exiting pre-RTO positions (3 viable candidates I listed in previous thread)
and/or
2. One or more ST traders having accumulated during recent low (1.6c, 1.7c) which they now intend to flip for easy profit
In either case the 4m order will keep a lid on our shareprice until next good news and associated liquidity event, at least.
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Last
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $165.1M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.8¢ | $1.341K | 23.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1845817 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.9¢ | 62995 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1845817 | 0.058 |
2 | 62631 | 0.057 |
2 | 629409 | 0.056 |
3 | 405031 | 0.055 |
2 | 155000 | 0.054 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 62995 | 2 |
0.060 | 1000000 | 1 |
0.061 | 53420 | 3 |
0.062 | 392000 | 2 |
0.064 | 271000 | 3 |
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