The only guarantee about today's price action is that there's a logical reason for it...
Is it institutional investors who have been waiting and watching for WBT to become an invest-able business. That is, a business that is generating revenue. While $1m of revenue announced in the Annual Report is not earth shattering, it shows they have a product that people are willing to pay for, gives credibility to managements statements regarding the commercial progress happening in the background and their guidance of growing revenues going forward.
Is it someone trying to strong-arm the shorters to cover?
Is there some inside information floating around?
Or maybe the shorters have got early word that WBT is staying in the ASX300, and they need to buy on market?
Wish I knew...
Running discussion on SP, page-8671
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Last
$2.43 |
Change
0.320(15.2%) |
Mkt cap ! $459.0M | |||
| Open | High | Low | Value | Volume |
| $2.06 | $2.45 | $2.06 | $3.158M | 1.380M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 750 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 3991 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |