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LiveHire shares moving higher on very strong volume

Shares in the company last traded up 5.2% to 60 cents per share.

growth concept
The company provides a technology service that manages recruitment for companies

LiveHire Ltd (ASX:LVH) is having a potential breakout day with one of its highest volume days on record.

At around 1.00pm today, over 4.8 million shares have changed hands, and importantly the share price is trending higher.

Nearly 4.5 million of today's share volume traded through a special crossing, which means the buyer and seller were likely pre-arranged, also known as a block trade.

With a large seller gone, buyers may now outweigh sellers, pushing the price higher

Block trades can be perceived in a variety of ways, one of the more positive perceptions is that the block trade takes a seller out of the market.

For example, if the holder of a large position starts selling their shares into the market, it will likely make the price go down.

This seller can be neutralised by a block trade where an equally large buyer is sourced.

The large buyer can be a single large investor or it can be a number of smaller investors pooled together by a stockbroker.

READ: LiveHire major shareholder increases stake following contract wins

Proactive caught up with LiveHire in November 2018.

Quick facts: LiveHire Ltd

Price: 0.13 AUD

ASX:LVH
Market: ASX
Market Cap: $39.31 m
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