At 9.50 AM today there were 2 sell offers below .090. At 10.45 AM today there were 23 sell offers below .090. There was little variation on the buy side. Based on recent trading I can confidently predict (subject to no announcements during the day) that at 4.30 PM today the majority of the above sell offers will have been cancelled. By the way - all of this happens every day. I watch it !
Price capping has the effect of promoting negative sentiment, and creating fabricated supply and demand. This in turn generally causes the share price to trade at lower levels. Obviously the practice can also restrict share price rises.
Now why would a GRV shareholder want to engage in this kind of activity ??
General Discussion
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 (20min delay)
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Last
9.2¢ |
Change
0.005(5.75%) |
Mkt cap ! $40.49M | |||
| Open | High | Low | Value | Volume |
| 8.7¢ | 10.5¢ | 8.7¢ | $190.2K | 1.971M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 149999 | 9.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
10.0¢ |
Change
0.005 ( 14.9 %) |
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| Open | High | Low | Volume | ||
| 8.9¢ | 10.5¢ | 8.8¢ | 497330 | ||
| Last updated 13.33pm 28/05/2024 ? | |||||
| GRV (ASX) Chart |