Since 75c average daily volume is 3.5 million. No sign of the daily volume getting smaller. Yesterday was 3.6 million.
This observation becomes even more significant when you factor in that the price has increased by 80% during the same period.
Consistent volume while the value of daily trading has gone up by 80%.
Small investors like me with a small budget would have to buy less shares now compared to a month ago.
However, the daily volume has remained steady and also the higher share price now would be less attractive to the small punters.
This tells me that there is plenty of interest here from the big end of town.
The daily volumes is one thing to keep an eye on going forward.
SBM Price at posting:
$1.33 Sentiment: Buy Disclosure: Held