Thanks for a great tip NTaylor. I must admit I have not noticed the total volume and value on our post price information. I guess I was not looking closely enough. Normally in the day time I look on my brokers web site where the prices are in the real time and I usually follow a daily chart, but if I dig a bit I get the daily volume and value as well, so I should have pluged these in my calculator.
From the trades going through the market it looked like a lot more shares were going for 15.5 then 15c. So about 66% percent went for 15.5c.
That should mean demand for the shares is exceeding the supply, hence a positive for SP. The greater demand was also reflected in much greater total number of buyers against sellers in market depth.
So I hope SP gradual climb will continue and stock gets revalued to reflect the anticipated growth numbers. Some profit guidance from company would be helpful.
Lets hope that with signing of the joint venture documents on 18th April there will be some update how are the numbers staking up.
CBD Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
