IMO, bidding at that price and volume signals only one thing, price manipulation.
Granted Friday was a good day for volumes and price. However, anytime that IBG is making a move into positive territory that trade magically appears, which effectively creates a drag on the share price.
Additionally, If you think about it, IBGs value was ~2c for a while without any news whatsoever and basically reflected it's intrinsic value (value of the metals in the ground) and now IBG is ~50% plus through its financing a trade like that appears which values the company lower thanks it's intrinsic value. Manipulation pure and simple.
IMO, bidding at that price and volume signals only one thing,...
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 (20min delay)
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.375M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 9485105 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 20000 | 1 |
View Market Depth
| Last trade - 10.04am 21/05/2024 (20 minute delay) ? |
| IBG (ASX) Chart |
Day chart unavailable