It all looked pretty simple to me. The hiccup in trade on the first night has meant the initial high priced market maker failed to occur. In the absence of that the only lead the US investors could take was the higher volume Oz market. So the price has gravitated towards the Oz price. The US investors will revalue on their own terms at the next major announcement and their volumes will lead ours up.
who is this guy?, page-13
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Last
31.0¢ |
Change
0.020(6.90%) |
Mkt cap ! $447.2M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 31.5¢ | 29.0¢ | $723.0K | 2.406M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 34998 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 212471 | 29 |
View Market Depth
| Last trade - 14.32pm 11/11/2024 (20 minute delay) ? |
| IMM (ASX) Chart |