Doubt they are day trading, I'd be betting they are taking a position for the upcoming acquisition.
This action could simply be the market playing catch up in regards to how undervalued RFN is when compared to the rest of the market.
There are certainly many catalysts to help this along, including the rise of Bitcoin, the ever increasing popularity of cryptocurrency & blockchain along with our recent appointment of our expert advisor.
As Von has said, fair value would be 2c and north at RFN's current state of play - free of debt, cashed up and ready to rock.
Athens sign of Acquisition !, page-18
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $1.529M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $892 | 356.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 22507057 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 34153701 | 12 |
View Market Depth
| Last trade - 10.28am 16/08/2024 (20 minute delay) ? |
| 1TT (ASX) Chart |