Hi Blue
The huge volumes indicate some large long term holders have entered the register.
The big volumes and rapid 65% price increase will have induced some mid to long term holders to sell some shares to average down. Also some short term traders will have made healthy profits and will be looking at re entering. Also I believe there are several big long term accumulators who will be looking to push the price back down to keep building their stakes. None have breached the 5% threshold yet so they are under the radar. I can only speculate on their motives. As Warren Buffett says it is time in the market with good stocks that yields the greatest return.
My average cost is below 0.02. I've been here for years since the BPL days when they were all about Cobalt, prior to spinning out COB
ARR Chart, page-474
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Last
26.5¢ |
Change
0.010(3.92%) |
Mkt cap ! $130.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 25.8¢ | $263.8K | 983.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32154 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 4894 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ARR (ASX) Chart |