You're on mate - I'm from Perth as well, Swan area.
About that seller - I don't think its a big holder selling down as I did some research into big sell downs (there have been those in the past for this particular stock) and surprisingly there was little correlation to suggest that a massive sell down - I'm talking millions of shares - causes massive price dips. It naturally helps if the sell down is in the middle of a rally.
In any case, if you check volumes over the past 2-3 weeks - they've been negligible.
This is an insto who is looking to buy into VR8 and is keeping the price down. I have seen trickle sells and buys (1 -2 shares per trade) happening which is highly suggestive of price manipulation.
I have seen ASX pre-open pricing set at 0.069 at pre-open only to disappear and reset to previous day close of 0.072/0.073 at the last second.
This is blatant manipulation. In fact it happened this morning. The pre-open matched price was 0.069 and it magically disappeared moments before the market for VR8 opened.
A broker, under instruction from an insto most likely, is keeping this price artificially down so that accumulation can occur. Once they have accumulated enough or filled the clients order, the price will be allowed to go up.
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $16.31M |
Open | High | Low | Value | Volume |
2.8¢ | 2.9¢ | 2.8¢ | $1.079K | 37.56K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 387604 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 123000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 387604 | 0.028 |
2 | 64259 | 0.027 |
2 | 770027 | 0.026 |
2 | 700000 | 0.025 |
1 | 145000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 123000 | 1 |
0.031 | 80807 | 1 |
0.032 | 1006264 | 2 |
0.033 | 44984 | 1 |
0.036 | 28571 | 1 |
Last trade - 14.28pm 19/11/2024 (20 minute delay) ? |
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VR8 (ASX) Chart |