UNV 0.00% 16.0¢ universal coal plc

volume, page-5

  1. 798 Posts.
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    The volume argument does not stack up. Below are the monthly equity trades for the past 12 months. Note that the months of May, June & July had the highest trading activity of the period yet UNV shares were at there lowest during this period.

    Date Equity trades

    Feb-14
    Jan-14 14,099,403
    Dec-13 14,064,949
    Nov-13 13,989,112
    Oct-13 15,345,355
    Sep-13 14,764,953
    Aug-13 16,877,665
    Jul-13 18,201,635
    Jun-13 17,936,131
    May-13 19,774,799
    Apr-13 16,033,074
    Mar-13 15,772,502

    The simple fact is that the market is still risk adverse to the junior resource sector and retail and institutional investors are parking their money in blue chip, low risk, dividend paying stocks, especially where dividend yield is greater that bank interest rates. And the situation will be the same whether its the ASX, NYSE, DAX, or Kalaphumpian Exchange.
 
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Currently unlisted public company.

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