Generally speaking, when a substantial holder wishes to downsize or exit the SP will reflect this southbound for a period of time and if the selling is serious then a ' change of substantially holdings' notice will need to be announced if they decrease their holdings to 5 % of memory.
The current SP on ANW is 0.08 up from 0.06 two months ago.
So although today's volume is above average, no need to be concerned yet unless the selling continues to pre announcement status....,
A possibility is simply profit taking ( up 20%) based on sales yet to be announced.
Hope that helps.
Near term multi bagger and tin producer, page-197
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.916M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1364470 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 3317830 | 7 |
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| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
| C7A (ASX) Chart |
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