The regular repeating of identical number trades and in sequence is from a bot that is programmed to maximize the lowest possible sale price in volume, hence 6.1 sales now the order of the day! This started at around 12.20 and has been going ever since - will probably close at 6.1
I suspect this is purely to maximize the benefit of an announcement (or more) by the end of this month. What is the pipeline?........ GMP full approval. What else?………….. some positive noise from different sources re the sale of Derma or at least some viable part of the MXC business.
If these ‘predicted’ announcement(s) become a reality, one could reasonably expect a very substantial share price spike.
So…………… sell at your own peril or buy in and play on the side of ‘the bot’ – IMO it’s an open invitation to make some money!
Mxc-social media, page-38
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Last
30.0¢ |
Change
-0.030(9.09%) |
Mkt cap ! $15.97M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 30.0¢ | $1.412K | 4.705K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6027 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 823 | 3 |
View Market Depth
| Last trade - 10.06am 30/08/2024 (20 minute delay) ? |
| RGT (ASX) Chart |