My guess is some brokers are selling shares to each other to keep the price fixed in the range 7.1c - 9.0c.
When the price rises above the range, they bring it down and when it falls, they take it up.
My guess is they are just doing that continuously hoping retail investors will get frustrated and sell.
Does anyone share this view?
I think it's the case because it's hard to believe there's a constant supply of 500K - 1M shares on a daily basis without the price sinking further than it has.
Jaxsta's Growth, page-20
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $100.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 11.0¢ | $88.35K | 745.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 70445 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 129444 | 4 |
View Market Depth
| Last trade - 11.44am 15/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.015 ( 8.00 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 12.5¢ | 11.0¢ | 245620 | ||
| Last updated 11.46am 15/05/2024 ? | |||||
| VNL (ASX) Chart |