Through my limited knowledge of trading shares and all IMO, I don't think you could consider 1M shares sold at 0.2c a 'tree shake' with the average volume this company trades daily plus the MC and SP itself (this is a micro cap stock we're talking about here), not to mention the just over 2.67B shares held by both directors and investors alike. The trade was most likely an investor losing confidence over the company not producing him a return as although the fluctuations may not even be worth 1c they can make or break a portfolio based on percentage alone if enough is invested. This is without a doubt a speculative stock and therefore should be treated with initial caution and plenty of research into not only the company but the sector and trends within it, i.e. Nickle and where they're mining as well as gold and lithium. Take into account have been no successful nickel discoveries of commercial value in the Fraser Range since SIR's Nova-Bollinger discovery in July 2012. This is probably why there appears to be a lack thereof of concrete news on lithium as well due to an oversupply in part from the hype and hence the price dipped and some lithium companies are experiencing SP dips because of. This being said there is now almost a depletion and it will need to be filled for large companies in the production of LiH batteries and derivatives. I'm not trying to sound like a pesimist, I have very high hopes for this company but just don't be ignorant. GLTAH and DYOR
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0.2¢ |
Change
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Mkt cap ! $25.37M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $30.05K | 15.54M |
Buyers (Bids)
No. | Vol. | Price($) |
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228 | 600090298 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 198655389 | 45 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 219821 | 0.011 |
3 | 499221 | 0.010 |
5 | 1111319 | 0.009 |
2 | 800000 | 0.008 |
1 | 1000000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 685238 | 2 |
0.014 | 616109 | 1 |
0.015 | 100000 | 1 |
0.016 | 76923 | 1 |
0.018 | 230500 | 3 |
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