Likely explaination for the selling is that the takeover crowd are happy to dump at 5 and buy back at 5.5. While effectively paying the higher 6 cents a share for a very small portion of the company, it ensures that they will have the numbers for the takeover to proceed. This assumes that the 5 cent buyers are all focused on the quick 10 percent, which is probably a safe bet. I imagine that this strategy was part of the contingency when the 5.5 cent price was pitched.
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Last
69.0¢ |
Change
-0.010(1.43%) |
Mkt cap ! $157.2M | |||
| Open | High | Low | Value | Volume |
| 68.0¢ | 72.5¢ | 68.0¢ | $188.7K | 273.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7470 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 12541 | 1 |
View Market Depth
| Last trade - 16.10pm 30/06/2025 (20 minute delay) ? |
| NDO (ASX) Chart |