Outside the opening auction, the vast majority of yesterday's volume transacted at 0.40, and at most only traded 1 tick above that. It looks to me like they were putting a floor under it. If they can buy 1.9M shares at 0.40, no need to lift their bid.
But if the price were to rise strongly, that would definitely be putting a pump in the spokes of the buyback.
Ann: Update - Notification of buy-back - MLX, page-8
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 (20min delay)
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Last
43.5¢ |
Change
0.005(1.16%) |
Mkt cap ! $390.0M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 42.5¢ | $381.9K | 878.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 59242 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 68626 | 13 |
View Market Depth
| Last trade - 14.48pm 04/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |