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
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $254.9M |
Open | High | Low | Value | Volume |
42.0¢ | 42.5¢ | 42.0¢ | $87.92K | 207.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 93316 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 97001 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 93316 | 0.425 |
12 | 395587 | 0.420 |
11 | 70907 | 0.415 |
13 | 227662 | 0.410 |
9 | 144906 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 96585 | 12 |
0.435 | 72527 | 10 |
0.440 | 119943 | 9 |
0.445 | 62641 | 5 |
0.450 | 102170 | 5 |
Last trade - 13.29pm 30/08/2024 (20 minute delay) ? |
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