There are 514 million shares on offer. The Top 20 holds around 50% of the company (call it 260 million for argument sake) and the number one holder holds 136,333,334 shares. If they had sold any given they hold well over 5% of the company there would need to be a disclosure to the market which there hasn't.
So if there's 210 - 220 million shares held outside the top 20 and circa 68 million shares traded in the past 2 days alone that is a significant profit take / shake of the tree. I'm well aware there would be people playing the market and selling out / buying back in etc too.
There might be further profit taking and clearly there are big hitters looking at this given the games being played on both the buy and sell sides.
For those long term holders and fundamental investors this has been a fantastic week for the business irrespective of what the share price does today or even next week.
Of course we all want the share price to be rocketing along but patience will be required in the short term.
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.21M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $30.59K | 3.824M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 5199999 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 602027 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 5199999 | 0.007 |
4 | 2626166 | 0.006 |
5 | 3407010 | 0.005 |
3 | 3126250 | 0.004 |
4 | 11333333 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 602027 | 3 |
0.009 | 2230000 | 5 |
0.010 | 895527 | 4 |
0.011 | 1484366 | 5 |
0.012 | 166666 | 1 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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