Not sure what logic you are using to calculate a "400% per annum rate of return" you only have to look at the basic info available online to see the 1yr investor return is 41% including divvy so your number is kinda fantasy.
Institutions are buying for a reason.
Testing $3, page-19
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Last
$3.88 |
Change
0.000(0.00%) |
Mkt cap ! $10.68B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.90 | $3.85 | $28.06M | 7.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 166218 | $3.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.88 | 28291 | 3 |
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| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| MPL (ASX) Chart |