MGX 3.28% 31.5¢ mount gibson iron limited

"intense HFT capping"? HFT stands for High Frequency Trading, so...

  1. 532 Posts.
    lightbulb Created with Sketch. 1
    "intense HFT capping"?

    HFT stands for High Frequency Trading, so I'm not sure that a stock like MGX that has ~200 trades per day is really on their radars. Go look at the blue chips, which have something like 10,000 to 20,000 trades per day.

    To "cap" a stock, all it takes is some numpty either with a big holding (or a big borrow) to plonk it in the offer. I don't understand why you would think HFT has any part in this ... ?
 
watchlist Created with Sketch. Add MGX (ASX) to my watchlist
(20min delay)
Last
31.5¢
Change
0.010(3.28%)
Mkt cap ! $365.5M
Open High Low Value Volume
30.5¢ 31.5¢ 30.0¢ $296.8K 964.6K

Buyers (Bids)

No. Vol. Price($)
2 101000 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 242807 6
View Market Depth
Last trade - 16.10pm 02/12/2024 (20 minute delay) ?
MGX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.