There is no question the short sellers were active today but also something else.
The volume weighted average at 2.37 is still above Friday's close on good volumes so the drop suggests small volume opportunistic selling.
Was there a pump and dump also from one of the institutional shareholders?
I suspect a bit of both.
Pump and Dump?
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $41.23M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $3.986K | 39.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 50906 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 114772 | 4 |
View Market Depth
| Last trade - 14.47pm 12/07/2024 (20 minute delay) ? |
| SPL (ASX) Chart |