LISTEN to what everyone has to say, but don't BELIEVE any of it.
Research yourself and believe in your own judgement, always! (unless it's genuinely someone's info you can trust, which is rare..)
1. Pump and dump could be something as simple as an insto/broker buying their own shares. I.e. they own 30M shares @ 0.005 and they put it up for sale @ 0.006 and buy the shares to make it look like shares are exchanging hands to create big volumes. I don't believe this to be common practice by any means, I've only honestly think I've seen it occur twice in the past 2 years.
Alternatively a big buyer could have bought <0.006 earlier in the week and has caused a bit of momentum which got everyone buying on Thursday so the big buyer also sold out.
Mind you this is all speculation, don't take this as fact, merely scenarios to consider.
2. Information can literally be anything of significance. Perhaps they are getting bought out by another company for 2c per share. Perhaps they got some phenomenal results on one of their tenements. It really can be anything.
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $560.2M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 18.8¢ | $3.328M | 17.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 906298 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 1359434 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 215700 | 0.175 |
6 | 630000 | 0.170 |
7 | 1125150 | 0.165 |
8 | 1918920 | 0.160 |
10 | 651683 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 1869389 | 8 |
0.190 | 3947046 | 21 |
0.195 | 3325980 | 9 |
0.200 | 2906221 | 23 |
0.205 | 1881708 | 11 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
LRS (ASX) Chart |