It is the day traders and smart money pumping up the stock, and suck in those "FOMO".
Some huge money involved. A saw a $100,000 trade go through on Chi-X. So probably an overseas (China?) High Frequency Trader clipping the ticket.how does a stock drop 26% the day after an announcement
The announcements were 100% fluff.
Validation is just some basic tests on a prototype. It can take up to two years and >$30 million to to reach mass production.
Virago doesn't have any deals with NASA. They simply intend to apply for a small ($125K) grant some time in the future.
Based on BRN past history I'd suggest most of the NDAs are with microcap startups and third tier universities.
Market Manipulation, page-235
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $380.4M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 20.3¢ | $1.148M | 5.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 165683 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 10000 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BRN (ASX) Chart |