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
8.8¢ |
Change
-0.001(1.12%) |
Mkt cap ! $128.1M |
Open | High | Low | Value | Volume |
9.0¢ | 9.1¢ | 8.7¢ | $126.6K | 1.417M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 424454 | 8.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 34831 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 424454 | 0.087 |
9 | 235230 | 0.086 |
10 | 89227 | 0.085 |
1 | 11500 | 0.084 |
4 | 219933 | 0.083 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 34831 | 2 |
0.090 | 5003 | 1 |
0.091 | 199000 | 2 |
0.092 | 221869 | 2 |
0.093 | 50000 | 2 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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AGY (ASX) Chart |
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