I suspect the price movement has occurred because algorithmic or "bot" trading has stopped trying to drive the price down. These were all those trades of a couple of hundred shares that have been so frequent. The trading had got to a point where many followers of this stock thought the price ridiculous and were providing firm support at 24.5 cents thereby not allowing the stock to be further shorted. I think the algorithmic traders have exited thereby allowing the share price to finally move. Hopefully they have gone!
......Could be back tomorrow though!
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Last
50.0¢ |
Change
-0.025(4.76%) |
Mkt cap ! $301.7M |
Open | High | Low | Value | Volume |
52.0¢ | 52.5¢ | 49.5¢ | $1.113M | 2.177M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78014 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 904 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78014 | 0.500 |
10 | 67374 | 0.495 |
6 | 33057 | 0.490 |
6 | 58070 | 0.485 |
2 | 8084 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 904 | 1 |
0.510 | 11906 | 1 |
0.515 | 88383 | 3 |
0.520 | 17000 | 2 |
0.525 | 63182 | 4 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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ALK (ASX) Chart |