Is that a huge USA company like Northrop buys 12.6% of the company at a significant premium to the share price over the previous trading days and then the share price goes up a further 25% over the purchase price after the announcement with minimal turnover (less than 2% of all shares turned over the past week).
There are little or no day traders in this company and the share price will surely increase if an insto is after a good sized parcel .
The company has recently upgraded production floor size in both USA and Oz for CROWS production. A further order above the existing USD24 million must be anticipated.
I am on long term holder.
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Last
$1.64 |
Change
-0.070(4.09%) |
Mkt cap ! $316.4M | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.64 | $1.067M | 637.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5006 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 4173 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| EOS (ASX) Chart |