I'm in the camp that says that they have manipulated the share price lower since the capital raising - try and reconcile that with the fact that nearly 2mil shares have been added by the Top20 in the last month alone.
Also if you've been a buyer recently you will notice that when you put in a decent 10k+ order at the top of the buying order then you'll notice that the sellers on the top of the selling order immediately get bought out(by themselves).
I don't know how long they want to keep doing this - I suppose it'll be for as long as it works in getting the price lower for them. It might come to an end when a rogue Fund decides it wants a 5% parcel.
General discussion, page-3035
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Last
$1.33 |
Change
0.020(1.53%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.36 | $1.31 | $256.1K | 192.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8840 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 2089 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |