Can’t stay and chat too long, but as I mentioned in my earlier posts the sell off (major shareholder) has re-commenced. You saw the 5 cent (1 million plus) buyer (that was Taylor Collison attempting to create a false base) get hit and the selling is set to continue this week.
The large seller has been discussing with the directors the need to exit. Directors buying recently was an attempt to appease the seller. The news release and attempt to ramp was another attempt tp get the buying volume up to allow the seller to exit.
Well I have been told that ENOUGH IS ENOUGH AND THE SELLER IS GETTING OUT.
Expect to see sales down to 4.5 cents and possibly lower.
By the way they are selling out for a variety of reason but the main being that PRR will do a fund raising again that will seriously dilute the stock and hence price.
why the weakness ill tell you
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Last
44.5¢ |
Change
0.025(5.95%) |
Mkt cap ! $529.0M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 45.0¢ | 42.0¢ | $1.157M | 2.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 98121 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 349969 | 10 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
45.0¢ |
Change
0.025 ( 6.71 %) |
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| Open | High | Low | Volume | ||
| 42.5¢ | 45.0¢ | 42.0¢ | 744716 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| IMM (ASX) Chart |