This type of course of sales action can be used to mask accumulation buying.
Big buys are made at the offer followed by a constant stream of sells into the bid to suppress the share price and hopefully keep the share price flat(ish).
If a big buyer was to accumulate a large position in a stock without doing this, the share price would jump up too fast and alert the market which might further drive the price up and when every % counts, that is no bueno.
Needless to say when you see this kind of activity on a stock you are invested in you should take it as a positive sign. A lot of companies throw the term "world class" around too lightly, the Frisco system is definitely world class asset in an 1st world jurisdiction.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.818M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 34866882 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 10861310 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 20696500 | 0.002 |
13 | 23305459 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 4558174 | 5 |
0.004 | 8582140 | 6 |
0.005 | 2436428 | 3 |
0.006 | 3387773 | 2 |
0.007 | 3257680 | 2 |
Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
AL8 (ASX) Chart |
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