That makes sense. Day traders must have thought the volume was going to continue throughout the day, which it didn’t, and then had to close out.
I’m surprised that someone would be selling 3m shares at 20-21c. If you’re holding that many, surely you know the intrinsic worth of this company and you would be holding on. Unless it was a director or a large share holder who needed a bit of cash after a big run. I’d be pretty confident that the seller is holding onto plenty more shares.
Looks like we’re being capped at 20c now. If we can stay around these levels for the next couple of weeks then if the half yearly is what we expect I imagine this moves towards 30c pretty easily - putting us closer to 5 or 6 times NPAT. IMO
ATP Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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