your calculation is completely correct. Generally, worthy stock is under control of big brokers and always retailers and weak holders are being pointed by big boys capping.
for example in $IRC, ORD has accumulated 13M since last year in average of 18c, however, she tends to sell shares under buy price on 6th of month to force $EGS and retailers to dump their shares around 14c (where 1.3M shares sit in 14 c on 6th of month). This shows how Mkt can be controlled under brokers.
Personally, I believe that $EGS is not hurry to sell $IRC shares and Hartleys as her broker wouldn't sell any shares under 16.5c.
your calculation is completely correct. Generally, worthy stock...
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Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $56.06M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.4¢ | 4.1¢ | $212.6K | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300000 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 1540831 | 4 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| HRZ (ASX) Chart |