I don't understand something that perhaps some of you could illuminate me regarding Buyers (Bids) / Sellers (Offers).
While we should be seeing a steady rise in the share price due to the approvals this week, shouldn't we be seeing a consequent rise in share price?
When I look at the Trader Box for today's trading activity, there were 33,515 Buyers and 276,795 Sellers and the total volume being 4.34 million, am I to understand that because there were more sellers (276,795 sellers @.27.5) than buyers (33515 @.27.0) with a total volume of 4.343 resulting in a last price of .27 for the day and a loss of .025 for the day.
What am I not understanding?
Thank you for any comments and clarification,
Buyers/Sellers Question
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 (20min delay)
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $49.00M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.6¢ | 3.4¢ | $9.234K | 269.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 658835 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 162886 | 2 |
View Market Depth
| Last trade - 15.51pm 06/05/2024 (20 minute delay) ? |
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Last
3.5¢ |
Change
-0.001 ( 2.78 %) |
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| Open | High | Low | Volume | ||
| 3.5¢ | 3.5¢ | 3.5¢ | 47558 | ||
| Last updated 15.46pm 06/05/2024 ? | |||||
| ETM (ASX) Chart |