That's an optimistic way of looking at. My view is that it takes a lot more conviction to sell at these levels than buy. Anyone selling those 20m shares has either held for 3+ years, and has had enough, or they are selling at a loss (again after having had enough). Either way, it seems that it would be a much more difficult choice right now to part with a significant loss or a long term holding, than it would to go bargain hunting and purchase AGY shares at 3 year lows.
There's every chance that those buying at these levels are taking a quick punt and may happily turn into high-volume sellers around the 12 cent mark. I wouldn't read too much into it.
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Last
3.4¢ |
Change
-0.015(30.6%) |
Mkt cap ! $49.50M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 3.3¢ | $1.657M | 43.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2057504 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 1387809 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1050000 | 0.039 |
3 | 97007 | 0.036 |
6 | 235713 | 0.035 |
6 | 751650 | 0.034 |
15 | 2934585 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 13862 | 1 |
0.034 | 116285 | 2 |
0.035 | 557764 | 6 |
0.036 | 765027 | 2 |
0.037 | 1469027 | 5 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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AGY (ASX) Chart |