SPR 2.81% 82.3¢ spartan resources limited

Spartan Resources, page-417

  1. 2,812 Posts.
    lightbulb Created with Sketch. 521
    Here’s some of the bot trading late in the day…

    https://hotcopper.com.au/data/attachments/5810/5810162-8f8faa005cb541e846fda1727db4aa55.jpg

    Though I’m not an insider and have no clue how these algorithms operate, I think we can safely say that their objective would be to either:
    1) Keep the price high and sell into that price, or
    2) Keep the price low and accumulate.

    In the closing price auction (4:00 to 4:10pm) we have this situation:




    https://hotcopper.com.au/data/attachments/5810/5810183-dba3d40629b9ab40b1ca93af03c41eb6.jpg

    It takes just one surplus (sell) share to drive the closing price down to 46c. So, all orders which were matched and executed in the closing price auction did so at 46c because of that solitary share. We had this same situation occur a few months back and some deduced it was for the purposes of accumulation. Those people were right back then, hopefully it plays out the same way again.
    Good luck to all holders,
    Prisoner24601.
 
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Last
82.3¢
Change
0.023(2.81%)
Mkt cap ! $905.7M
Open High Low Value Volume
81.0¢ 82.5¢ 81.0¢ $541.8K 661.3K

Buyers (Bids)

No. Vol. Price($)
26 50892 82.0¢
 

Sellers (Offers)

Price($) Vol. No.
82.5¢ 24349 5
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Last trade - 11.19am 19/06/2024 (20 minute delay) ?
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