Looks like accumulation is taking place and buyers are not letting the price fall any further.
Notice how the volatility has greatly contracted over the past week or two.
I really like the tightly held register and with only 50 million shares on issue, this could really take off once we get some positive drill results.
However, certain big buyers might start playing games in order to get the SP lower so keep an eye out for this.
Looks like accumulation is taking place and buyers are not...
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 (20min delay)
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Last
$1.96 |
Change
0.095(5.11%) |
Mkt cap ! $441.4M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.98 | $1.85 | $1.403M | 734.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 499 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 22970 | 3 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| CYL (ASX) Chart |