I think someone with a large holding has decided to move on, fundamentals haven't changed nor any bad news. Given the price 6 months ago it was not hard to start with a huge holding. a few days ago we only had about 18m of shares on the sell side and yesterday it was up around 24mil. Someone may be working through exiting 6 m worth of shares??
I really dont know but that is my thought process. Also, some sells a big volume and other holders get scared and sell out as well
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.00M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $205.4K | 33.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 15764082 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 9234658 | 18 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |