Yo Cap always good to see a 15% gain in the SPP but i wouldn't read too much into it.
i certainly wouldn't describe it as a trend, rather possibly an attempt by a person or persons to kickstart some life into the sluggish beast that is the listed IME.
on the surface the 22 trades posted total volume of 60,325 shares looks kinda promising.
of these though only two trades are of note: one trade of 10k shares and another of 48,936. Apart from a further trade at open of 1k shares, the volume of other trades were just two figures culminating in the final trade of the day of one share to take the price to 70c.
all in all, not the stuff trends are made of.
if i was asked to comment, the activity seems almost like a bet between a couple of inside punters about what volume was required to shift the SP how far.
illiquidity is a feature of many listed entities, incliding IME.
IME Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)