I have read several times on this forum the narrative that CUV is thinly traded, and that its price is being manipulated on low volume. From what I can see in daily EOD data, this doesn't appear to be the case. Clinuvel actually has high volumes being traded as a percentage of shares outstanding.
Over the past 12 months I'm seeing an average daily volume of 124,604 shares, from a total of 49.4M shares. This is 0.25% of outstanding shares being traded each day.
For comparison, here are some other ASX stocks. Figures are rounded and approximate, but they should give some perspective:
Stock Shares Outstanding Average Daily Volume (1Y) Average Daily Volume % (1Y) 1 CUV 49,400,000 124,604 0.25 2 CSL 481,700,000 763,205 0.16 3 CBA 1,701,000,000 2,496,024 0.15 4 PME 104,300,000 186,080 0.18 5 TLX 285,100,000 1,165,318 0.41 6 VHT 251,900,000 208,875 0.08
Is Clinuvel Actually Thinly Traded?
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 (20min delay)
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Last
$15.31 |
Change
-0.380(2.42%) |
Mkt cap ! $767.0M | |||
| Open | High | Low | Value | Volume |
| $15.49 | $15.58 | $15.19 | $1.689M | 110.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 192 | $15.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.41 | 270 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$15.36 |
Change
-0.380 ( 2.21 %) |
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| Open | High | Low | Volume | ||
| $15.50 | $15.57 | $15.23 | 11454 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| CUV (ASX) Chart |