It is just a BOT (robot) accumulating shares. They have been programmed to take shares at a particular price point, or after a set of conditions. It is an institution or a soph taking a position. This can go on for weeks and weeks.
How come they can buy 1 share? These institutions are buying millions and millions of dollars of shares and so they may pay an annual brokerage to a brokerage company, which means they don't pay brokerage every time they buy one share.
This allows them to setup automatic trading algorithms that allow for accumulation, depending on a whole bunch of variables that they want for their fund or client.
Why are they doing this?
People like to read into this, and say Ohhh a massive fund is taking a position, look out we will rise! Or someone is trying to keep the price down. Because sometimes at the end of a trading day a single share or two, can knock the price down (depending on volume etc).
The truth is... who knows why someone is taking a position? I have seen this activity on some of my shares that have eventually gone into administration, and been terrible, and I have seen on others that have rocketed.
In and of itself - it means little, but yes it is a probably a bot accumulating for someone.
DYOR and all that.
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Last
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $441.0M |
Open | High | Low | Value | Volume |
29.0¢ | 29.0¢ | 28.0¢ | $599.4K | 2.107M |
Buyers (Bids)
No. | Vol. | Price($) |
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13 | 647996 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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28.5¢ | 275 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 569501 | 0.280 |
19 | 1481378 | 0.275 |
25 | 846524 | 0.270 |
10 | 383997 | 0.265 |
17 | 561650 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 275 | 1 |
0.290 | 198061 | 4 |
0.295 | 421921 | 6 |
0.300 | 570516 | 13 |
0.305 | 253113 | 6 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
28.5¢ |
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Change
-0.010 ( 0.04 %) |
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Open | High | Low | Volume | ||
29.0¢ | 29.0¢ | 28.0¢ | 1016190 | ||
Last updated 15.54pm 30/05/2024 ? |
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