This is my view of today's price movement pygmy:
1) Someone wanted to sell around 89,000 shares at the opening. That is not a lot, and not an insider move either;
2) There was no market depths to fill this order at higher prices (we all know that the depths disappear for CXX sometimes, and appear again when there is a correction);
3) I could not buy at higher levels to bring the price up;
4) Panic started and orders started to fill even below the opening price;
5) Guys with a lot of holdings like me that did not follow the action today might think that something wrong is happening and are tempted to sell creating these larger sell orders now;
6) These investors could also be afraid on the outcome of the elections and what would represent for CXX to raise finance or complete the offtakes;
7) Since they are very ahead with on the negotiation of these agreements, and currently choosing the best term sheet for the company, I believe the Trump risk is overestimated;
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- Ann: September 2016 Quarterly Activity Report and Appendix 5B-CXX.AX
This is my view of today's price movement pygmy: 1) Someone...
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $9.009M |
Open | High | Low | Value | Volume |
1.7¢ | 1.7¢ | 1.7¢ | $2.108K | 124.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 450000 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 875989 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 450000 | 0.016 |
4 | 980946 | 0.015 |
2 | 175000 | 0.014 |
1 | 75465 | 0.013 |
2 | 112500 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 875989 | 2 |
0.018 | 1046012 | 3 |
0.019 | 879893 | 3 |
0.020 | 1237364 | 4 |
0.021 | 3204615 | 4 |
Last trade - 13.46pm 26/07/2024 (20 minute delay) ? |
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