For several months the share price is managed by shorters, day traders and algos.
Every day one can observe transactions of small unmarketable parcels sold at the bid price, bringing the price lower by 1/2 cent
, e.g. a sale of 3 shares that move the price down from 90 to 89.5.
For long term holders it makes no difference
and the only thing that can make any difference is progress on projects and clear company announcements.
It's hard to believe that share price of a billion dollar company can be managed by this kind of meaningless transactions but a lack of communication and recent missteps by the management leave us exposed to this ridicule.
For several months the share price is managed by shorters, day...
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Last
4.0¢ |
Change
0.003(8.11%) |
Mkt cap ! $66.74M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 4.0¢ | 3.6¢ | $292.6K | 7.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 271030 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 2444859 | 14 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LKE (ASX) Chart |