I'm not going to comment on this particular instance but it is very well understood by experts in the field that share price manipulation of small and medium sized companies is commonplace. A lot is minor amateur stuff but there is also lot of very sophisticated use of algorithms to suppress sp. If you're keen to put up with some dry reading or just want to flick through to its conclusions, google and download:
SENATE ENQUIRY Re: The performance of the Australian Securities and Investments Commission (ASIC) Supporting Information – Attachment 1.31.3 Trading and Regulatory Issues Identified by Research into Empirical Registry and Broker DataDISCLAIMER:
I'm not going to comment on this particular instance but it is...
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $87.89M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $168.3K | 842.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 165855 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 78743 | 4 |
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| Last trade - 12.42pm 11/07/2024 (20 minute delay) ? |
| PAA (ASX) Chart |