I'm guessing its because the directors are trying to push a resolution through that has no benefit to minority shareholders and benefits greatly one of the executive directors.
I would be highly suspicious of the activity today, in such a thinly traded stock, when a sell down occurs triggering stop losses to $1.70 and then suddenly buyers instantly come back on up to $1.90.
Directors may be accumulating in order to ensure that the resolution is passed. Accumulation now in the face of the negative independent expert's finding and with a pending resource upgrade due in the next quarterly could be profitable for the directors in two different levels - profits from the inside trade plus the longer term benefits of the resolution.
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- anyone know why the huge sell off
I'm guessing its because the directors are trying to push a...
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Last
7.5¢ |
Change
-0.002(2.60%) |
Mkt cap ! $24.09M |
Open | High | Low | Value | Volume |
7.6¢ | 7.7¢ | 7.5¢ | $55.45K | 737.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 251195 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 101252 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 251195 | 0.075 |
1 | 13500 | 0.074 |
4 | 302776 | 0.072 |
1 | 65000 | 0.071 |
2 | 139285 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 101252 | 1 |
0.082 | 100000 | 1 |
0.090 | 2315 | 1 |
0.100 | 91375 | 2 |
0.110 | 301043 | 3 |
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