The canny player with a plan to buy 1m shares in Cryosite, appears near to completing a total divestment.
Having bought 250k in recent weeks, the buyer pulled an order for an additional 750k units and then placed 250k on the market, first at 5c, then 4.5c and later today at 4c.
According to the CTE share register, the only owner with 250k units is **riel Hewitt, aka @Fibonarchery.
Hewitt appears to have grossed a modest $7.35k from today's selling. His remaining ~77k shares are on the market at 4c.
Why would **riel Hewitt be selling? I don't know. But I would suggest the key reason has little to do with the investment merits of CTE.
With today's 30% fall, the Market Cap of the key operator in Australia's $1b clinical trials industry is a mere $1.87m - now lower than the MC of every listed health-related stock on the ASX.
If the stock isn't splat on the floor it must be getting close. And soon there may be an uplift towards 10c ie cash backing.
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Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $36.60M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 295 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 2057 | 1 |
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| Last trade - 16.21pm 01/08/2025 (20 minute delay) ? |
| CTE (ASX) Chart |
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