ZNC zenith minerals limited

Pattern has been $50k ish purchases steadily soaking up the...

  1. 1,693 Posts.
    lightbulb Created with Sketch. 200
    Pattern has been $50k ish purchases steadily soaking up the volume, followed by a single trade here or there with a sub $500 value to bring the price lower - sometimes over 5% lower on a $150 trade. Notwithstanding the ASX rules regarding moving the market on such a small trade, one has to wonder about the motivation or tactics being used here. It's clearly obvious that somebody is going after as much as they can get without the price running away into the teens. Bare in mind, it was mainly very small dollar amounts that halved the value of the shares last year on no news whatsoever. I think it's pretty clear that the avalanche of news coming over the next 6 months will see a significant re-rate. Unfortunately, in the interim, we'll be bound by these stupidly small trades moving the price.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
3.0¢
Change
-0.002(6.25%)
Mkt cap ! $15.88M
Open High Low Value Volume
3.3¢ 3.3¢ 3.0¢ $22.96K 724.2K

Buyers (Bids)

No. Vol. Price($)
3 186243 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 39155 1
View Market Depth
Last trade - 15.22pm 25/07/2025 (20 minute delay) ?
ZNC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.