I'm thinking the only reason it moved today is that a fund, and probably only one fund, took a larger position. The intraday chart shows one 168k in volume at 11:51am and then 3 smaller buys or around 50k.
So one big buy and then others jumped on the move and pushed it to a higher close.
There have been only 9 days of similar or larger volume in the last 6 months which indicates to me a fairly illiquid stock that has moved generally up, when someone large wants in
Having said that, I hold, because they are well managed and conservatively run business, with some exciting and innovative developments in the pipeline.
On the move, page-5
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Last
$2.22 |
Change
0.040(1.83%) |
Mkt cap ! $701.1M | |||
| Open | High | Low | Value | Volume |
| $2.22 | $2.25 | $2.19 | $710.4K | 319.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1769 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 2657 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| RIC (ASX) Chart |