"What I think is more relevant is the trading from when the debt deal was announced till now"
Okay - so I have re-crunched the numbers on that criteria...
Debt conversion announced 22nd July
182m shares traded since then at VWAP of 2.9c
If we exclude Prime Broker selling window (since Dec) this essentially leaves us with all trading from 1st August through 30 Nov 2016
86.96m shares were traded during that time for a $value of $3.52m = VWAP of 4c.
So - there is your "stretch target" - 4c.
An even better s/term target for those who got in in recent days.
"What I think is more relevant is the trading from when the debt...
Add CKA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $118.6M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 11.0¢ | 9.9¢ | $24.65K | 235.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 210 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 424999 | 6 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
10.5¢ |
Change
0.010 ( 5.00 %) |
||||
| Open | High | Low | Volume | ||
| 9.9¢ | 10.5¢ | 9.9¢ | 78317 | ||
| Last updated 15.49pm 03/05/2024 ? | |||||
| CKA (ASX) Chart |