Definitely can't be 'insider buying' by a Director. (Announcements are close to dropping. Directors know exactly what is happening. We Don't. Directors would be breaking the law).
However that doesn't mean someone overseas with privileged information isn't buying (ie Ibero in Spain). (Illegal also but they are 'safely' overseas).
Or maybe an announcement is about to drop this week and word is leaking out.
Perhaps it's simply charters buying a breakout, and that's scaring the pants off shorters who also begin buying, which encourages more chart based buying...and so the price (and volume) start to spiral upwards.
A SP jump of 20% on a day when the ASX was down 80 points.
Tomorrow will be a very interesting day.
General comments/chat, page-41651
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Last
1.8¢ |
Change
0.002(12.5%) |
Mkt cap ! $55.98M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.8¢ | 1.6¢ | $170.0K | 10.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2380000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 3676164 | 10 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| ADN (ASX) Chart |