About you're call on the higher volume today, I also noticed that, but its a hint to me that perhaps its a turning point, or the start of one?
I'm surprised PEN opened calm today (unless it was a late open I missed??) and ONLY AFTER (allowing) 10mins someone/people dumped millions kicking the price down 12%+ to 3.3c in 3 MINUTES!
In over 3 years spent watching PEN closely, I can't ever remember seeing that.
Possibly a panic chain reaction set off by large holders who then recouped during the day at lower price? Or they haven't yet and want the downtrend to continue for accumulation - perhaps the opposite of the pump and dump?
dump and pump and pump and dump? perhaps not to be called that because it would be the start of a multi-month movement and not short term.
However it might make sense since if you were a large holder you'd be happy to drive the price down to accumulate.
Anyway, a very unusual start to the action today IMO
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About you're call on the higher volume today, I also noticed...
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Last
9.1¢ |
Change
0.003(3.41%) |
Mkt cap ! $290.0M |
Open | High | Low | Value | Volume |
9.0¢ | 9.2¢ | 8.9¢ | $442.2K | 4.887M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 304692 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 56231 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 304692 | 0.091 |
2 | 101836 | 0.090 |
2 | 111235 | 0.089 |
4 | 526851 | 0.088 |
1 | 11494 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 56231 | 3 |
0.094 | 115374 | 3 |
0.095 | 473452 | 8 |
0.096 | 48000 | 2 |
0.097 | 389534 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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PEN (ASX) Chart |