ARU are up because they were oversold and shorted, on the back of the announcement of the delay and extention of the BFS.
Now the bargain hunters are moving in. Maybe to push the price up so they can short it back down - who knows?
But I doubt it has any relevance to LYC whatsoever...
Nobody buying ARU would have any information re LYC that we don't.
And those in the buy/sell queues for LYC are still showing a gap up to $2.05 for the resumption of trading - if any credible leaks had got out to those "in the know" - you think there's still be that buying enthusiasm? Or are they all just taking a punt?
trading halt, page-22
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |