I'd say a combination end of f/y tax loss selling and window dressing for brokers via churning.
I'm not a fan of the manipulation theory but someone could be trying to get in at a lower base as the buy side has increased recently at lower bids.
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 (20min delay)
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Last
$4.00 |
Change
-0.030(0.74%) |
Mkt cap ! $190.6M | |||
| Open | High | Low | Value | Volume |
| $4.03 | $4.04 | $3.97 | $46.39K | 11.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5372 | $3.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.00 | 3464 | 2 |
View Market Depth
| Last trade - 13.03pm 08/07/2025 (20 minute delay) ? |
| BIS (ASX) Chart |