The large buying could be an institution taking up a defensive position in the company. This is a wait and see approach so that a takeover would be easier if RMS has more spectacular results.
The current cash postition of RMS allows any defensive player to have their position partially protected by large upside potential.
takeover target
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Last
$1.82 |
Change
-0.030(1.62%) |
Mkt cap ! $2.049B | |||
| Open | High | Low | Value | Volume |
| $1.83 | $1.83 | $1.79 | $1.579M | 873.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 24187 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 24621 | 23 |
View Market Depth
| Last trade - 12.19pm 08/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |