ENR 1.49% 34.0¢ encounter resources limited

Totally agree with manipulation theory. I have bought probably...

  1. 3,045 Posts.
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    Totally agree with manipulation theory. I have bought probably 40% of the volume traded today, with my buys ranging from the initial trade at 31.5 cents to 25 cents later today. Why do I agree. Because prior to opening of trade I put in a teaser bid of 6000 at 0.315, well below market, then a seller arrives with guess what? exactly 6000 to sell at 0.315 which represented a gap of about 4 cents down from the next seller. Why not just go 1 cent down. I thought, mmm, very odd and sussy. Then we have dribs and drabbs sold further down and almost no matter what bid price and volume you put in the queue this seller would match it almost exactly, holding the share price down. Games, no doubt. Easy to do wih such an illiquid stock. Maybe the seller wants to accumulate at a lower price, who knows, and not many shares are available on market at any time so its a bit of an effort trying to shake out some volume. Anyway, I am happy with my averaged in price today to add to my holdings
 
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Last
34.0¢
Change
0.005(1.49%)
Mkt cap ! $192.0M
Open High Low Value Volume
33.5¢ 34.0¢ 33.0¢ $57.41K 171.4K

Buyers (Bids)

No. Vol. Price($)
3 65228 33.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.0¢ 35383 2
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
ENR (ASX) Chart
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