GRR 2.00% 24.5¢ grange resources limited.

Still trading at Disc to Cash. Why?, page-117

  1. 394 Posts.
    @pilatus, not having a go at you at all, just playing devils advocate here.

    If as you say, "most of those sell orders are fictitious", why would anyone place sell orders not expecting or wanting to sell the shares they offer? Now the 'authorities on this matter' say there's no stock manipulation here, so what other explanation is there?

    Why was there no after market auction action today? Could it be that 'someone' was happy with the last trade being @ 11. 5c and in the absence of anybody wanting to buy @ 12c in the auction there was no need for 'someone' to do any 'market matching' to achieve an 11.5c close?

    If there are any TA's (Technical Analysts) please tell us what keeping the sp down or the same would do or not do as far as alerting or not alerting TA's & their TA programs to a particular stock. TBH my theory is 'someone' wants to do their thing with GRR sp without attracting too much attention & having the TA traders getting involved. Be appreciated if the TA's could comment on the likelihood of a controlled closing price being an effective part of such a plan.
 
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Last
24.5¢
Change
-0.005(2.00%)
Mkt cap ! $283.5M
Open High Low Value Volume
24.5¢ 25.0¢ 24.0¢ $329.5K 1.345M

Buyers (Bids)

No. Vol. Price($)
2 140506 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 50000 1
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
GRR (ASX) Chart
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