Just some thoughts some might have probably mentioned already.
The trading behaviour of late looks like accumulation in an environment where no one wants to sell. Someone is trying to encourage sellers but its not working. I would say majority of trade volume is the buyer trading between itself. They stack the sell side and wait for other sellers to add then take them out when ready. Eventually bigger buyers will enter and they wont be able to control the price so much but they’re taking advantage at the moment. WR1 has a market cap ¼ the size of PMT. Plenty of room to run as long as drill results continue to deliver
Just some thoughts some might have probably mentioned already....
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Last
68.0¢ |
Change
-0.020(2.86%) |
Mkt cap ! $147.1M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.5¢ | 67.5¢ | $306.8K | 446.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 58352 | 67.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.5¢ | 29511 | 6 |
View Market Depth
| Last trade - 14.21pm 09/07/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |