It's likely to be institutional. Even with self-wealth, a $300 trade that gives you 20% gain - i.e. $60, only Endy up being $40 profit due to buy/sell fees. Then tax on the income brings that to $20-30.
The trend is clear though. Typically in the last hour to 30 mins of trade, there are one or more low volume, low-ball trades. Particularly on a Friday. Clearly taking advantage of how the share price is recorded and announced (i.e. end of day or week price).
I don't know what the motivation is, but potentially trying to keep the price down so they can accumulate for a future announcement on sales. Or maybe they invest in a stock that might be considered a competitor. If others can offer an explanation... I'm all ears.
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It's likely to be institutional. Even with self-wealth, a $300...
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Last
8.0¢ |
Change
-0.002(2.44%) |
Mkt cap ! $46.48M |
Open | High | Low | Value | Volume |
8.0¢ | 8.2¢ | 8.0¢ | $17.70K | 220.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 161174 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 198279 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 161174 | 0.080 |
1 | 100000 | 0.079 |
1 | 100000 | 0.078 |
2 | 115723 | 0.076 |
2 | 72151 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 198279 | 1 |
0.083 | 225682 | 1 |
0.087 | 25000 | 1 |
0.088 | 74380 | 1 |
0.090 | 81879 | 2 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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MX1 (ASX) Chart |