SOM has delivered fantastic quarterly results in the last 6 months and it could be that someone in the know has seen the latest numbers, due to released by the end of January ( if SOM sticks to its own time pattern ).
That would be called insider trading but the likes of QGC,PES have shown that those things happen all the time.
But what other explanation could be the reason that someone buys massive after days of no trades and pushes the price up by 33.33 %.
But anyway, this is a good company with a solid performance after a long preperation phase. It took them 1 and 1/2 year to plant and grow the seeds, now they start to bring in their first harvest.
reason for sp jump
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Last
39.5¢ |
Change
-0.005(1.25%) |
Mkt cap ! $86.44M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.0¢ | 37.0¢ | $20.82K | 54.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29105 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 6350 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| SOM (ASX) Chart |