MCE 3.85% 25.0¢ matrix composites & engineering limited

Can someone explain to me why MCE gapped up when the only news...

  1. 1,486 Posts.
    lightbulb Created with Sketch. 16
    Can someone explain to me why MCE gapped up when the only news out is a Director selling a million shares of stock?!

    To me that is a horrible sign. The stock is just coming off of a bottom after a very big descent, and a Director thinks this is the best price he can get?
 
watchlist Created with Sketch. Add MCE (ASX) to my watchlist
(20min delay)
Last
25.0¢
Change
-0.010(3.85%)
Mkt cap ! $72.45M
Open High Low Value Volume
25.5¢ 25.5¢ 25.0¢ $26.89K 107.2K

Buyers (Bids)

No. Vol. Price($)
1 4000 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 75000 2
View Market Depth
Last trade - 15.43pm 29/11/2024 (20 minute delay) ?
MCE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.