I think it's plausible that some will be taking profits from the placing.
It's quite a sensible approach to lock in 50% immediately on part of your holding, considering that there is still significant risk.
I think I would have done it, if I'd been party to the placing. That sell volume may well be people trading honestly.
Having said that, I've noticed some orders being pulled during the day, the mark of either manipulation or inexperienced traders. Very hard to tell which - but as I said the chart looks very good from here. Cheers...
volume breakout!, page-14
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Last
0.2¢ |
Change
0.001(50.0%) |
Mkt cap ! $16.07M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $765 | 760K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 56533011 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 95358455 | 37 |
View Market Depth
| Last trade - 12.37pm 02/10/2024 (20 minute delay) ? |
| VPR (ASX) Chart |