80% of 29M shares are owned my top 20% shareholders. It means one big shareholder can manuplate the market by shorting at these levels and creating a fear in the market. Flooding news was announced on 15th march and it was expected that it will not run for next 4 to 6 months. Last 2 days of action is totally due to short traders activity. It will bounce back hard back to $1mark in next couple of weeks in my opinion. Once these short sellers start closing their positions.
80% of 29M shares are owned my top 20% shareholders. It means...
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Last
41.5¢ |
Change
-0.005(1.19%) |
Mkt cap ! $291.2M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 41.0¢ | $743.2K | 1.795M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 78656 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 162494 | 2 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| 29M (ASX) Chart |