Unusual trading patterns in LYC trading today:
1. Very low volume compared to LYC's usual. It's just after 12 noon now, and still only 1.9 million shares traded.
2. Very little shorting activity. Still some straight-out selling on the Course of Sales, but only the very occasional attempt at bot-driven shorting
3. Share price trading sideways in a 1-cent band most of the day so far - between 1.105 and 1.115
Impression is that everyone - including the big end of town - is just marking time while waiting for the TOL issuance.
Given that the market usually pro-acts before news is announced (not that inside info would be a factor, of course...!), then this could be just the calm before the storm.
If we see the share price suddenly start to go up on significant volume (important that - the volume needs to be there), then that could indicate the impending announcement of the TOL.
Just my thoughts...
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B |
Open | High | Low | Value | Volume |
$6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | $6.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | 6.220 |
2 | 50325 | 6.210 |
3 | 18949 | 6.200 |
1 | 22631 | 6.190 |
1 | 81 | 6.180 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 53073 | 5 |
6.260 | 17945 | 4 |
6.270 | 16511 | 5 |
6.280 | 26784 | 3 |
6.290 | 37117 | 6 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |