Something else to consider, not sure if it's a broker strategy or not, but it has become unsellable for retail holders.
If I wanted to sell 100,000 shares, a mere few thousand dollars worth, to pay car rego or whatever, and wanted it done now, I would need to sell into the buy depth, I would need to price the order at 2.9c to find even that small amount of depth, as the last trade was done at 4.5c, a sell at 2.9c will get flagged as market manipulation and will be purged as it is 30 percent less than last traded price. The current situation has retail unable to sell, the spread will not allow you to sell into buy depth while the last trade is in line with the sell depth.
im wondering if the little buy up last week was to create that buy/ sell gap and create the above situation. The price was in freefall on very little volume, and now it isn't able to trade on little volume.
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Last
6.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.69M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 43553 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 121200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43553 | 0.063 |
1 | 16667 | 0.060 |
1 | 15000 | 0.059 |
1 | 15000 | 0.058 |
2 | 70192 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 121200 | 1 |
0.067 | 14925 | 1 |
0.068 | 225049 | 2 |
0.069 | 50841 | 2 |
0.070 | 7039 | 1 |
Last trade - 16.12pm 02/10/2024 (20 minute delay) ? |
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MAG (ASX) Chart |
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