Yes Zabros - the volatility in the sp is due to the large retail shareholder base
A broker could give the work experience kid a few accounts to trade and move this either way - this is actually a con of having a tighter shareholder base is that the bids and offers are played by the smaller holders and their emotions jump up and down along with the sp - thinner market depth means higher volatility
Works both ways and that is why ADO moved so far last time as their was only 1 large holder distributing stock over the last run up.
When news comes it will move up in the same fashion it moved down
Again just my views
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Last
2.2¢ |
Change
0.001(2.33%) |
Mkt cap ! $54.31M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.1¢ | $10.97K | 520.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 280022 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 76139 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 280022 | 0.021 |
12 | 1461723 | 0.020 |
6 | 1164605 | 0.019 |
8 | 2316112 | 0.018 |
4 | 839748 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 76139 | 1 |
0.023 | 514753 | 3 |
0.024 | 250300 | 2 |
0.025 | 1138770 | 9 |
0.027 | 250000 | 1 |
Last trade - 15.59pm 06/09/2024 (20 minute delay) ? |
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ADO (ASX) Chart |