GRR 1.69% 30.0¢ grange resources limited.

Still trading at Disc to Cash. Why?, page-88

  1. 3,630 Posts.
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    'Tis annoying I will agree. But in reality, how will it change your day?

    The price moved from 11.5c to 11.5c although it traded at 12 all day ... So what ?

    I'm not sure who it is but for $100 they kept the price steady. Maybe it's one of the trading houses with a book full of long cfd's ... Maybe it's someone with a short position and is adverse to margin calls. Maybe it someone covering an at close market order. I think the 20000 odd shares were sitting on the sell side until 4.00pm. I've no idea and it might be for any one of a million reasons.

    He/she may tinker with sentiment I suppose but my take is that I think the fundamentals suggest it's way undervalued, and regardless of any tinkering, it is this value shift/recognition that I'm really interested in.

    Have a great day!
 
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Last
30.0¢
Change
0.005(1.69%)
Mkt cap ! $347.2M
Open High Low Value Volume
30.0¢ 30.0¢ 29.5¢ $237.6K 796.2K

Buyers (Bids)

No. Vol. Price($)
4 39651 29.5¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 29998 1
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Last trade - 16.10pm 22/08/2024 (20 minute delay) ?
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