Hi longreach. the same thoughts have been going through my mind of late.
Looking at the course of sales each day it seems like a lot of smallish trades, one buy yesterday for around 1m shares took nearly 50 trades and went for 7 cents.
While it is not uncommon to buy / sell in smaller blocks to obtain a level price and not appear desperate, it seems that smaller holders could be quitting and/or selling their newly acquired blocks from the capital raising for a fast return.
I note that the new CEO could now be sitting around the13th to15th position on the top 20 depending on who else came in with the capital raising, he(and others including myself) would be pleased with his paper profit of around 25%
Hi longreach. the same thoughts have been going through my mind...
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Last
0.3¢ |
Change
-0.001(16.7%) |
Mkt cap ! $12.09M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $2.109K | 903.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 28350845 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 3078895 | 13 |
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| Last trade - 15.57pm 25/06/2024 (20 minute delay) ? |
| SFG (ASX) Chart |