Buyers at 4.3c are drinking the KoolAid.
~7m shares traded today, half the ~14.2m daily total needed to clear the 10.4% of SOI in 60 days, with 44 trading days remaining. Oh, we have King's Birthday public holiday Monday 10 June, so make that 43 trading days.
Undisturbed daily turnover was just under 3m shares a day. If we reasonably assume that level of normal turnover has continued unchanged, those forced to divest moved just 4m today.
Their brokers will have canvassed the option of block trades to institutions. Let me guess at the response: undisturbed price was (generously) 3.5c, discount for scale 3.0c, rediscount for forced seller urgency, cos they can, 2.6c. No trade.
Anyway, institutions who wanted NTU exposure would already have.
This is fun.
Ash
Buyers at 4.3c are drinking the KoolAid.~7m shares traded today,...
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $142.7M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 1.9¢ | $22.38K | 1.118M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 585000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 5461947 | 11 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NTU (ASX) Chart |