SYP is a very thinly traded stock.
The recent price drop has been on very small volume. If you look at the current market depth, it would only take 1 person to sell one share at market to cause a drop from Fridays close of 69c to 63c. A drop of almost 10% on the sale of one 63c share!
On the other hand it wouldn't take much demand to drive the price up.
If the recent drop had been on above average volume I'd start to get a bit worried, people sell for all sorts of reasons but usually if something is going wrong with the company the volume will be high.
I think the recent drop has provided a great buying opportunity if you can get the stock.
SYP is a very thinly traded stock.The recent price drop has been...
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Last
86.0¢ |
Change
0.005(0.58%) |
Mkt cap ! $445.9M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 89.0¢ | 84.5¢ | $5.670M | 6.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40508 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| MTM (ASX) Chart |