Son I think that you are right.
I have been watching and think that there is only a very small free float of shares being traded, much less than 5% of cap.
When these are taken out there are no others available unless long term holders sell.
I think that the stock is strongly held by "true believers".
The jump is explained by outsiders wanting in and being prepared to pay the asking price. The volume means that they do not have to make large buys to move the price.
If I am right and news is good watch for more large rises.
Dad
there's movement at the gdy station, page-12
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $2.178M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $38.25K | 9.664M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 7384483 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 8191761 | 4 |
View Market Depth
| Last trade - 15.57pm 02/08/2024 (20 minute delay) ? |
| RNE (ASX) Chart |