PTX 3.70% 3.9¢ prescient therapeutics limited

Trying to wrap my head around exactly what went down, so pls...

  1. 7,757 Posts.
    lightbulb Created with Sketch. 3304
    Trying to wrap my head around exactly what went down, so pls bear with me,@FreedomInvestor. As with a lot of stocks at this time of year, liquidity is an issue which, of course, has been exacerbated by the macro environment. The role of the so-called "Market Maker" is to create liquidity... but instead an opportunity for savy traders presented in PTX and IMU as well today. Today's action in PTX though has created a 2c spread now.. Is that what you mean by the Market Makers let the book go? When I first read your post, I thought you meant that the MM were creating a scenario whereby the likes of Aussie Ethical Investments or MIF could buy more than what is on offer (but that's too wishful). Do penny stocks even have MMs or do the professional traders fulfill that role per se (given the nature of our registry) and the state of the current market? Much appreciate your educated opinion, as always. smile.png
    Last edited by Shellbell: 04/01/23
 
watchlist Created with Sketch. Add PTX (ASX) to my watchlist
(20min delay)
Last
3.9¢
Change
-0.002(3.70%)
Mkt cap ! $31.40M
Open High Low Value Volume
4.0¢ 4.0¢ 3.9¢ $31.53K 794.9K

Buyers (Bids)

No. Vol. Price($)
8 456872 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.1¢ 66952 1
View Market Depth
Last trade - 15.43pm 24/06/2024 (20 minute delay) ?
PTX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.