Another very positive day on the chart, a new high price, held to the close, on huge volume. The volumes today and 2 days ago were the second and third highest volume days in CAJ's history.
The high volume is mostly due to a few large cross trades. On Tuesday, 4 trades for a total of around 12 million at 27c, today 3 trades for around 9 million at 28.5-29c.
Nab announced becoming a significant holder, buying up to 24c, so it was not them buying. (unless they have kept buying after the period being reported on)
With 430 million shares on issue, we will get a substantial holder notice when someone reaches 21.5 million shares. Hence the buyer of the recent cross trades may still stay quiet for some time. I expect we will soon see who has been buying so aggressively.
CAJ Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
