I probably disagree, if that information had leaked I would expect a high volume of selling, with small pumps trying and draw out buyers ro dump into. What we have here is low volume, and is more indicative of accumulation.
That said, it is very troubling that there as been very little buying interest, and I am going to guess part of that is the terrible market action on the day of the announcement, and subsequent continuous falling. Hardly going to give anyone confidence going forwards. Here's hoping it bounces off 2c, which I recall is the CR price, and surely it's in the interest of their interests not to see it drop further, they would be the only ones currently it profit at these levels. An announcement of the DD from RIO being completed sure would be helpful.
Every day of trading since being reinstated. Seriously oversold.
Ann: RAIDEN ENTERS INTO EARN-IN AND JV AGREEMENT WITH RIO TINTO, page-122
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Last
3.1¢ |
Change
0.001(3.33%) |
Mkt cap ! $84.28M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.1¢ | 2.8¢ | $186.9K | 6.343M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 1277273 | 3 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RDN (ASX) Chart |