SUM 0.00% 17.0¢ summit minerals limited

Too tightly held, all these little sells are trying to tease out...

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  1. 6,601 Posts.
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    Too tightly held, all these little sells are trying to tease out supply or trigger a stop-loss set by share price not volume, only $50k worth traded so far and that's barely pocket change.

    If you want 100,000 shares which is still nothing, you have to wait slowly or pay up to 23.5c...which isn't a big deal, the market cap barely moves with these jumps from 21c to 23c since there's only 82m shares on issue and the highest volume day this week has been only 1.28m

    Would seem those who know what's there are already set, now it's a matter of if anyone wants to buy in then they'll have to pay up to get a decent holding.

    Had the dip down to 16c on the Japan global market scare and bounced back very strongly and since traded sideways in an accumulation channel between 20c and 24.5c with very low volumes.

    Tightly held ship it would appear.
 
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Last
17.0¢
Change
0.000(0.00%)
Mkt cap ! $14.67M
Open High Low Value Volume
16.8¢ 17.0¢ 16.5¢ $2.881K 16.96K

Buyers (Bids)

No. Vol. Price($)
1 313 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 20000 1
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Last trade - 15.36pm 14/11/2024 (20 minute delay) ?
SUM (ASX) Chart
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