NVA 1.79% 27.5¢ nova minerals limited

Just one question

  1. 1,452 Posts.
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    If Nova is going to explode to 40c why is there a large institutional seller unloading at 18c? You don't have to be a rocket scientist to see whoever the seller is, they have a very large position and are parked at 18c. They know there is enough interest not to spoke the endless droves of buyers, so they can happily keep unloading until their position is exhausted. I'm not bagging the stock, I'm just wondering if anyone can offer a solid reason why the seller seems happy to sell at (what appears) to be a sizable discount?
 
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Last
27.5¢
Change
-0.005(1.79%)
Mkt cap ! $58.56M
Open High Low Value Volume
27.0¢ 27.5¢ 26.0¢ $50.88K 194.7K

Buyers (Bids)

No. Vol. Price($)
4 93500 25.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.5¢ 27999 2
View Market Depth
Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
27.0¢
  Change
-0.005 ( 3.57 %)
Open High Low Volume
26.5¢ 27.0¢ 26.0¢ 30273
Last updated 15.59pm 06/05/2024 ?
NVA (ASX) Chart
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