MTC 0.00% 15.0¢ metalstech limited

MTC pre nr. qtr act. rep., page-23

  1. 10,470 Posts.
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    Was it a dump? In illiquid stocks it is very hard to detect patterns especially when dealing with low volume. The reality is a persn with 200k in shares can move this 3-4 cents if done in urgency for whatever reason. Now if we see increasing volume and 5-10 percent of the registry being turned over i'd be worried. This is one of the negatives of a tight registry. However as the sentiment is also poor in the speculative end and instos do not buy into sppeccies unless for a trade or CR, there is only retail support at the moment. The 1st step is to get the results - then we will see how the market reacts. That will set the patterns for further moves - up or down. Results are pending however i expect an update on the drilling today or tomorrow going by the announcement. The point is if you wanted to but a substantial parcel - 300000 plus shares it will force the sp up. Encouraged by support kicking in yesterday at IPO level. We are just waiting in a period that is poor for spec stocks and May is traditional risk off period. Am I concerned that results could be poor - who knows as i deal with TA too but in stocks with low turnover and volume it is impossible to tell.
 
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Last
15.0¢
Change
0.000(0.00%)
Mkt cap ! $29.55M
Open High Low Value Volume
15.0¢ 15.0¢ 14.8¢ $1.177K 7.956K

Buyers (Bids)

No. Vol. Price($)
3 68660 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 20418 1
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Last trade - 12.08pm 14/10/2024 (20 minute delay) ?
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