Less than 5k in shares knocked the company's shares up 4 cents on Friday. That's 7M in market cap, in 1 day!
Could you image what 20k-30k of buy orders a day would do for a couple months? Easily puy this stock over $1.30.
The same reasons why the share are trading at these levels puts the stock back up.
All I'm saying is 100k+ a week. 400k a month. 1.2 million over 3 months.
Yet the company has 20M+ of cashflow and 40M+ of low interest credit and they won't even buy back 1% of their company because they want to blow it all on R&D?
It defies logic.
Stock BuyBack- Codan., page-11
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Last
$15.91 |
Change
0.020(0.13%) |
Mkt cap ! $2.785B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.05 | $15.90 | $4.580M | 287.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1164 | $15.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.92 | 1922 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| CDA (ASX) Chart |
