I can tell you right now the increase in price is just daytraders taking advantage of a suppressed stock. Nothing more. (Or a slight chance of a director buying in which could've sparked the frenzy... woah! hold on to your hats! lol)
There's definitely nothing about to happen though as the company would/should have replied to their speeding fine in a different manner.
I as many I'm sure here have seen shares do this many times before, traders come in and slowly buy up over a few weeks or months at the share's lowest price (minimizing risk) then push it up quickly to then take advantage of profits by slowly selling back down. Although I agree the share price is deflated way below what it's worth, don't hold your breath on anything significant coming out of yesterday's trading.
A classic play and I'll expect the price to slowly fall back to where it was over the next few weeks, the volume today speaks for itself.
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I can tell you right now the increase in price is just...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.994M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1799999 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5205399 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1799999 | 0.004 |
22 | 13465955 | 0.003 |
13 | 14463777 | 0.002 |
8 | 9977480 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5205399 | 8 |
0.006 | 2752871 | 6 |
0.007 | 2989999 | 6 |
0.008 | 1300000 | 2 |
0.009 | 830217 | 3 |
Last trade - 16.12pm 24/07/2024 (20 minute delay) ? |
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