This is all pretty standard, we have a period after the PFS with no news and the high frequency bot accumulater's are going to work.
Its bitter sweet as they churn the price down and test holders confidence to get their stock but the fact they are here and playing the long game of accumulation is an indication of belief in MGT, they will be here for a while unfortunately. There will be lot's of frustration and questions asked but in my opinion nothing has changed and if they weren't here I would be concerned.
Here is a sample of trades from yesterday, I think there is 47 trades at exactly 3.52 there was a similar block at 3.29 and others throughout the day and a quick look this morning is showing similar blocks. Yesterday I noticed the sp price drop after each block, lot's of churn to burn the little guy.
HOLD TIGHT
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This is all pretty standard, we have a period after the PFS with...
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $20.76M |
Open | High | Low | Value | Volume |
17.5¢ | 18.0¢ | 17.5¢ | $2.531K | 14.46K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 67424 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 54903 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 58424 | 0.175 |
9 | 222351 | 0.170 |
3 | 17560 | 0.165 |
2 | 90000 | 0.160 |
1 | 10000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 54903 | 1 |
0.185 | 54321 | 2 |
0.190 | 44358 | 1 |
0.195 | 8310 | 3 |
0.200 | 132206 | 3 |
Last trade - 12.43pm 11/10/2024 (20 minute delay) ? |
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MGT (ASX) Chart |