didn't see where the selling was coming from but a mate of mine who was a broker before said it could have been a broker selling down a big position into the market from a client who had told em to exit the stock. the idea of selling down small parcels and pushing the price down by a little bit at a time was to flush out some bigger buyers that could be then sold down into. Seems plausible enough from the trading patterns I saw.
movement, page-4
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 (20min delay)
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Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $39.27M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $3.062K | 547.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 26081491 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 32217658 | 25 |
View Market Depth
| Last trade - 14.37pm 23/08/2024 (20 minute delay) ? |
| OAU (ASX) Chart |