Lots of comments today! Definitely strange to see the volume at 28c. Zero selling below but then it kicks in at 28c. At the same time there is pretty relentless buying which is quite nice to see. Obviously this is moving onto more and more radars. Not sure where the selling is coming from though, the only individual holders with enough shares to cause such volume would have had to announce a change in substantial holding so it's clearly not coming from them (plus they've been buying recently so I couldn't see them suddenly changing sentiment). It's also steady, not rushed, so it's clearly not someone in a rush to get out.
It's strange but like CU6 (which has been mentioned here today), this selling means that the price is being held down whilst the fundamentals rapidly improve. Who knows why there are people actually willing to sell so cheap, but what we do know is that the company is much bigger and much higher quality then when it was last at this market cap in early 2023. IMO the pressure is merely building here for a major move upwards, akin to what CU6 saw when the breaks were finally lifted there. Prices can't remain detached from the fundamentals forever, hence why we are seeing continued strong buying from those investors who know what we have here.
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $43.52M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $4.057K | 20.65K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 48205 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 167634 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48205 | 0.195 |
3 | 202141 | 0.190 |
2 | 120980 | 0.185 |
2 | 71691 | 0.180 |
5 | 114937 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 156718 | 4 |
0.205 | 44282 | 2 |
0.210 | 223212 | 2 |
0.215 | 354291 | 5 |
0.230 | 103718 | 2 |
Last trade - 13.25pm 13/09/2024 (20 minute delay) ? |
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EYE (ASX) Chart |