The only "logical reson" for the poor share price performance that I can think of is manipulation of the VWAP of the shares prior to a T/O.
By limiting the movement of the shares and preventing any advance on good announcements the eventual price of a T/O would be reduced.
The recent action in the shares and any positive movement that occurs get beaten down.
IMO this is classic manipulation prior to a T/O offer being made.
vwap manipulation: prior to a t/o?
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Last
5.4¢ |
Change
0.001(1.89%) |
Mkt cap ! $85.52M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.3¢ | $153.4K | 2.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 495192 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 284890 | 2 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
0.001 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.6¢ | 5.4¢ | 1139782 | ||
| Last updated 15.44pm 16/05/2024 ? | |||||
| IVR (ASX) Chart |