I'm of the view that it's the new CEO bringing in new investors / investor interest. But there was also a surge prior to him coming on board. So now you have more demand vs supply, combined with improving economics for the company itself. Have a look at 3dp for what renewed investor interest can do to a share. In 3dp's case it was a whale investor buying in via a direct share offer, which made other people follow.
Chart, page-401
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $118.9M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $24.60K | 224.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6992 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 135000 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| FLC (ASX) Chart |