AZM azumah resources limited

selling out - divesting

  1. 7,123 Posts.
    For weeks, maybe months, there has been a constant selling into a lower share price and even today as the price rises to 43c and looks set to break above, the "seller" enters and drives it back down with a constant "loading" of selling into lower "bids".

    However, the overall depth is significantly slanted towards the Buy side.

    If this behaviour is the action of a large shareholder divesting of AZM stock, I hope that they quickly get it over and done with and let their SELL price set the platform for a share price that is commensurate with the AZM Resource and upcoming Feasibility Study.

    I know - the volumes are small and the majority of trades (course of sales) are small in $ value.

    If my above observations are correct, it is only a matter of time and the Feasibility Study with associated JORC upgrade before AZUMAH - zooms in SP.
 
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