The interesting part is that the volume is not outstanding - average, and in fact less than the last couple of days.
Inference - someone was selling off bi time, and has now stopped. Normal market forces are taking over, and the stock is reverting towards "fair value".
Good; I hold some (but was not concerned; it's a good company with a reasonable dividend and some growth prospects).
MRL- Shhhhh, page-2
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Last
31.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $127.7M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 31.0¢ | $46.38K | 149.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 1470 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MRL (ASX) Chart |