Such large movements are always an issue with a thinly held and traded stock. Someone wanted out of just 22.000 shares, hit the bids and that was enough to scare off the buyers. Reality is that such a transaction should be viewed as a one off, and will not change the current positive sentiment towards the share price.
Over the past few trading sessions a seller(s) was content to offload 20.000+ parcels by sitting on the offer. The market was happy to slowly take out the offers, but today someone decided to simply hit the bids, and that was enough to knock down the price (short term).
Having said that, I do believe that based on what is known to the market SIQ is now fully valued above $3.50.
so who is sucking up the stock?, page-5
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 (20min delay)
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Last
$7.77 |
Change
-0.020(0.26%) |
Mkt cap ! $1.115B | |||
| Open | High | Low | Value | Volume |
| $7.79 | $7.85 | $7.71 | $3.843M | 494.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3175 | $7.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 1496 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SIQ (ASX) Chart |
