KRR 7.69% 1.4¢ king river resources limited

If you insist on other people doing your research for you then...

  1. 1,473 Posts.
    lightbulb Created with Sketch. 832
    If you insist on other people doing your research for you then I'll oblige this once.

    The picture is quite clear from KRC's chart, especially on very low volume days as depicted below where bots can offload minimal amounts of shares (often 1 share unit) to have a material impact on the SP.

    If you've watched the action over the last week you'll notice that the SP was being ticked down whenever a lesser price was present on the bid. The SP has dropped by a whole cent over the last week, and bots have played a role in this. Lack of newsflow and volume means bots can suppress the SP and work to diminish confidence in a stock, also triggering stop losses on the way down.

    I'm not particularly phased by this, but it can get annoying at times. It's also worth remembering that when a stock is moving up, bots are also there accumulating so it works both ways.

    download.png
 
watchlist Created with Sketch. Add KRR (ASX) to my watchlist
(20min delay)
Last
1.4¢
Change
0.001(7.69%)
Mkt cap ! $21.74M
Open High Low Value Volume
1.2¢ 1.4¢ 1.2¢ $45.76K 3.595M

Buyers (Bids)

No. Vol. Price($)
4 429816 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 240972 4
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
KRR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.