Just wondering whether big volume means anything and I decided to assemble some info on PHUN, its news releases against volume and price. I notice some blurred patterns but I'll make 2 comments
- It is clear that yesterday's volume is very high and comparable to the ones experienced before the news release on the farm-in with Falcon on 25 Aug.
- A similar build up in volume was noticed before the closing of the Buckskin transaction on 10 Nov.
It's all up to you to make your conclusions.....
| Date (2008) |
Volume |
Price |
News release |
| 6-Aug |
277,241 |
0.180 |
|
| 11-Aug |
897,586 |
0.210 |
|
| 13-Aug |
1,431,550 |
0.200 |
|
| 15-Aug |
1,951,358 |
0.230 |
|
| 18-Aug |
2,670,595 |
0.240 |
|
| 20-Aug |
1,311,913 |
0.240 |
|
| 22-Aug |
1,508,000 |
0.202 |
|
| 25-Aug |
503,516 |
0.220 |
Sale of interest in Colorado & Australia with Falcon |
| 28-Aug |
541,516 |
0.200 |
|
| 17-Sep |
725,859 |
0.125 |
|
| 19-Sep |
1,905,000 |
0.130 |
|
| 22-Sep |
599,400 |
0.125 |
Approval of Beetaloo, Australia transaction |
| 24-Sep |
995,099 |
0.120 |
|
| 1-Oct |
729,126 |
0.100 |
|
| 2-Oct |
127,300 |
0.110 |
Closing of Beetaloo, Australia sale with Falcon |
| 6-Oct |
157,909 |
0.110 |
Project update Colorado & Australia |
| 7-Oct |
1,105,572 |
0.110 |
|
| 14-Oct |
1,589,242 |
0.105 |
|
| 20-Oct |
834,400 |
0.110 |
|
| 21-Oct |
1,158,357 |
0.110 |
|
| 10-Nov |
12,750 |
0.090 |
Closing of Buckskin sale with Falcon |
| 21-Nov |
493,434 |
0.080 |
|
| 25-Nov |
443,457 |
0.062 |
|
| 3-Dec |
2,239,500 |
0.084 |
|
