Are you taking the market depth of Commsec and running with those numbers?
If you are, then 12,365,926 of those shares for sale are outside of the current range for buying/selling.
Be careful assuming the spread on Commsec tells you the story, it's only a snapshot and a very rudimentary one at that.
Short Term Price Catalysts, page-132
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Last
3.0¢ |
Change
-0.002(6.25%) |
Mkt cap ! $85.06M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 2.9¢ | $161.8K | 5.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 628909 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 300000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| NWC (ASX) Chart |