My theory is that someone is gaming the system to accumulate. This pattern is common. Last minute of trade the share price drops by .1 or .2 cents - which is a huge % of market cap at this price. Makes the graphs look bad and hits sentiment in a negative way. Because the trade is so thin, they get away with it. 1 hour later and the buy is up .1c and the sell up .3c. The 3:59 and 32 second trades would have cost c. $560 + trading fees. The lowest trades of the day. I would be willing to bet 100,000 ppl shares it is the same entity doing these trades each day, and that they are accumulating in net. Just a theory, but it fits the data...
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.98M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 128258 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 930000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 128258 | 0.025 |
4 | 338906 | 0.024 |
4 | 383000 | 0.023 |
2 | 257400 | 0.022 |
3 | 159619 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 930000 | 1 |
0.027 | 185184 | 1 |
0.028 | 293130 | 2 |
0.029 | 712037 | 3 |
0.030 | 672037 | 2 |
Last trade - 16.12pm 27/08/2024 (20 minute delay) ? |
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PPL (ASX) Chart |
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Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
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