MGX 3.17% 30.5¢ mount gibson iron limited

"intense HFT capping"? HFT stands for High Frequency Trading, so...

  1. 591 Posts.
    lightbulb Created with Sketch. 8
    "intense HFT capping"?

    HFT stands for High Frequency Trading, so I'm not sure that a stock like MGX that has ~200 trades per day is really on their radars. Go look at the blue chips, which have something like 10,000 to 20,000 trades per day.

    To "cap" a stock, all it takes is some numpty either with a big holding (or a big borrow) to plonk it in the offer. I don't understand why you would think HFT has any part in this ... ?
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(20min delay)
Last
30.5¢
Change
-0.010(3.17%)
Mkt cap ! $371.5M
Open High Low Value Volume
31.0¢ 31.5¢ 30.5¢ $7.689M 25.17M

Buyers (Bids)

No. Vol. Price($)
11 1568943 30.5¢
 

Sellers (Offers)

Price($) Vol. No.
31.0¢ 151851 2
View Market Depth
Last trade - 16.10pm 30/08/2024 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.