I'm thinking the only reason it moved today is that a fund, and probably only one fund, took a larger position. The intraday chart shows one 168k in volume at 11:51am and then 3 smaller buys or around 50k.
So one big buy and then others jumped on the move and pushed it to a higher close.
There have been only 9 days of similar or larger volume in the last 6 months which indicates to me a fairly illiquid stock that has moved generally up, when someone large wants in
Having said that, I hold, because they are well managed and conservatively run business, with some exciting and innovative developments in the pipeline.
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I'm thinking the only reason it moved today is that a fund, and...
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Last
$2.80 |
Change
0.030(1.08%) |
Mkt cap ! $795.8M |
Open | High | Low | Value | Volume |
$2.79 | $2.84 | $2.78 | $825.0K | 293.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 4515 | $2.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.81 | 4340 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6023 | 1.350 |
2 | 5280 | 1.345 |
1 | 8000 | 1.330 |
1 | 10000 | 1.320 |
3 | 14648 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.380 | 1279 | 1 |
1.385 | 30413 | 2 |
1.390 | 28500 | 2 |
1.395 | 1268 | 1 |
1.400 | 29846 | 5 |
Last trade - 15.38pm 28/11/2024 (20 minute delay) ? |
RIC (ASX) Chart |