I'd say @bigdoc is correct in that we're seeing a large holder exit, causing a retail panic whilst doing so. Volume today is the second highest it's been since September 2019.
I've been in this stock a while now and am aware that mass dumps are common and have often been good buy in opportunities. In March of this year the stock briefly dropped to .014 in one large dump before rebounding a few seconds later. I've learnt that there are always off screen buyers in CDX who will pounce in a matter of seconds.
Today the selling was extremely strong, however the buy depth went from being around 2m to quickly moving back up to 7m and staying at that number while .049 churned millions.
Will be interesting to see if this large seller will continue offloading here tomorrow and if so, how much they have left.
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.94M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49999 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 60000 | 1 |
View Market Depth
| Last trade - 16.21pm 26/06/2025 (20 minute delay) ? |
| CDX (ASX) Chart |
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