The bot in this case has been instructed to buy, by an institution for a client in this case at .027 cents.
Usually bots are used to push a share down in price while another bot is triggered to purchase at a lower price.
But i think in this instance one bot is only being used to accumulate at its set price.
1 one for a client by a institution or
2 to put a floor on the price to stop it dropping further
I think in this case someone with deep pockets is accumulating at these low prices.
The Managing director said the shares were a steal in the 3 cent range.
Now they are this price they are a absolute bargain i believe.
The bot in this case has been instructed to buy, by an...
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Last
$3.35 |
Change
0.000(0.00%) |
Mkt cap ! $234.0M | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.38 | $3.33 | $655.4K | 195.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21000 | $3.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.38 | 500 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DSE (ASX) Chart |