"$2 shot that will pay back 50c"
Hmm.. I disagree. Do you know one of the possible reasons for that buyer buying at $0.01/share? I do. One of the possible reasons is if the NOPTA application is rejected, it will be a hard sell off, some people might even put in "market orders". If the buyers are pummeled off the market depth, with limit orders, then the market orders will proceed to be filled at the next best market price. This could be $0.01/share, therefore if a rejection happens, that person at $0.01/share will likely scoop up all or some of the market orders. (I understand most platforms have "smart" market orders, that cancel if they are far from their initial market price).
So if it was a $2 shot, some people might be lucky enough to get away with 50c if there is a negative announcement... but in relative terms (0.088 to 0.01) it would be more like a 23cent pay back, which is 88.5% loss of your money.
BPH Chart Technicals, page-367
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $20.65M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.8¢ | $63.80K | 3.421M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 3566162 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 1633385 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 2806217 | 0.018 |
10 | 1893501 | 0.017 |
4 | 897300 | 0.016 |
3 | 258334 | 0.015 |
1 | 200000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 1322102 | 2 |
0.020 | 1653130 | 8 |
0.021 | 2609325 | 11 |
0.022 | 876000 | 5 |
0.023 | 1448423 | 6 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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BPH (ASX) Chart |