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
5.2¢ |
Change
0.002(4.00%) |
Mkt cap ! $148.0M |
Open | High | Low | Value | Volume |
5.2¢ | 5.2¢ | 5.0¢ | $56.24K | 1.106M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 50570 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 421271 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 50570 | 0.051 |
11 | 1654349 | 0.050 |
8 | 1468670 | 0.049 |
11 | 984541 | 0.048 |
5 | 649067 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 421271 | 7 |
0.053 | 190008 | 5 |
0.054 | 516187 | 3 |
0.055 | 179180 | 5 |
0.057 | 295635 | 6 |
Last trade - 14.36pm 12/07/2024 (20 minute delay) ? |
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