AUQ 1.79% 5.5¢ alara resources limited

I cant remember exactly, but i think around US$3m or so? In all...

  1. 15,732 Posts.
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    I cant remember exactly, but i think around US$3m or so?

    In all honesty, i think recent trading may be an effort to generate volume, as the orders are clearly broker orders, they get put on and taken off every night, some are automated and conditional, etc

    The problem is buyers, not sellers. Weeks of thin market depth get ignored because there is just no interest. Then a few sell orders come along and everyone freaks out. But what is the point of having a thin market depth if there is nobody buying into it?
    Truth be told, traders and investors are generally cautious around thinly traded stocks.
    If i wanted to get this thing moving, apart from the bleeding obvious (PROMOTION), which the company seems to think isnt a high priority yet, the next best thing is to generate volume that doesnt push the shareprice down.

    So it might be some nominee fund just buying and selling between clients in the hope of drawing in more volume.

    Very hard to read
 
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Last
5.5¢
Change
-0.001(1.79%)
Mkt cap ! $40.21M
Open High Low Value Volume
5.6¢ 5.6¢ 5.5¢ $18.75K 340.7K

Buyers (Bids)

No. Vol. Price($)
1 10000 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.6¢ 395087 2
View Market Depth
Last trade - 14.01pm 28/06/2024 (20 minute delay) ?
AUQ (ASX) Chart
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