This announcement was released at 6:35am this morning, on Tuesday the 5th of April. The share price right now is $2.20. On Monday the 4th of April, the share price closed at $2.15. On Friday the 1st of April, the share price closed at $1.965. On Thursday the 31st of March, when the last announcement was released at 5:16am, the share price closed at $1.93. On Wednesday the 30th of March, the share price closed at $1.98. On Tuesday the 29th of March, the share price closed at $1.86, so the share price has increased by 18% in the last week.
The probability of the share price increasing for 3 days in a row if the share price follows a random walk is only 12.5%, so this looks to me like insider trading, particularly if there have been similar movements around previous announcements. If the insider traders have accurate judgement, this looks good.
NCZ Price at posting:
$2.20 Sentiment: Hold Disclosure: Held
