re: cross trades Hi Stockslut,
There have been some big crosstrades going through on ARQ in the past week and today, 400,000+ shares @ 1.21 and 1.22. Over 1m shares XT so far. It's been the only thing keeping the volume up. It seems to be holding up fairly well.
I thought it was going to drift back slowly towards 1.10, it still may. MACD indicated a sell a few days ago, RSI is still high. It's hard to call which way it's going to move next.
As for what you said regarding Origin taking over ARQ, pure speculation. Origin didn't acquire the remaining 50% of Contact, so they can raise more debt if they like, it's a possibility but I doubt it. It would have to be one pretty sweet deal for ARQ shareholders to let go, especially after the TAP attempt. I personally wouldn't sell for less than $2.
Watching with interest.
Sinkers
re: cross trades Hi Stockslut,There have been some big...
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $48.52M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $57.03K | 376.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6786627 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1507475 | 21 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |