Supply and demand.
Only takes a quarter of the investors to sell to drop the prices down that low, I mean there aint no ballers around here lining up with $100-200k buys to support the $200k+ sellers
Heck some of them might not even know BRN's full story, Their broker is like we got a easy money stock right now.
Just buy in and dump it, I mean the guy today just made $60k just dumping 3,000,000 shares at 20c.
1 guy with more than what 57 guys togeather are trying to get.
Lol. Even 1.5c is easy money if you're talking 1million+ shares
then they'll prop the buys for a couple days with hardly any sells... people will be like okay we must have a cornerstone investor, next day open dumps 5million LOL
For those who missed this article, page-33
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Last
18.0¢ |
Change
-0.010(5.26%) |
Mkt cap ! $352.6M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.0¢ | $1.287M | 7.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 1437090 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 524059 | 7 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |