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.
- Forums
- ASX - By Stock
- On the move
I'm thinking the only reason it moved today is that a fund, and...
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
Add RIC (ASX) to my watchlist
|
|||||
Last
$2.09 |
Change
0.005(0.24%) |
Mkt cap ! $652.1M |
Open | High | Low | Value | Volume |
$2.08 | $2.09 | $2.06 | $113.5K | 54.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 21847 | $2.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.09 | 14969 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 6616 | 2.080 |
14 | 16506 | 2.070 |
14 | 11838 | 2.060 |
12 | 27108 | 2.050 |
7 | 13036 | 2.040 |
Price($) | Vol. | No. |
---|---|---|
2.090 | 15595 | 14 |
2.100 | 29799 | 15 |
2.110 | 17135 | 13 |
2.120 | 27675 | 9 |
2.130 | 787 | 1 |
Last trade - 13.05pm 12/07/2024 (20 minute delay) ? |
Featured News
RIC (ASX) Chart |