ASM australian strategic materials limited

Curious to know your understanding or explanation why this is...

  1. 777 Posts.
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    Curious to know your understanding or explanation why this is being done. Are they making money by shorting it or are they deliberately suppressing the price to accumulate more at the bottom? It's definitely being controlled / manipulated for some strategy. It's almost like they don't want to see the share price run or getting past a certain point to then needing to push it down / sell it down. Volume seems to be getting smaller, so appears buyers are more cautious in stepping up as a result.
    It also now appears to be stuck in a holding pattern around the 1.25 to 1.30 mark. I'm hoping it will eventually break the pattern and return back to the $2 plus range, but assume it needs to release an announcement for that to happen.....
 
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(20min delay)
Last
57.0¢
Change
-0.020(3.39%)
Mkt cap ! $115.3M
Open High Low Value Volume
59.0¢ 59.0¢ 57.0¢ $382.3K 660.0K

Buyers (Bids)

No. Vol. Price($)
7 54800 57.0¢
 

Sellers (Offers)

Price($) Vol. No.
57.5¢ 32829 3
View Market Depth
Last trade - 16.10pm 30/07/2025 (20 minute delay) ?
ASM (ASX) Chart
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