Good points, but there was a sell-down before today's announcement and many of those sellers were probably people selling from their existing holdings in anticipation of receiving the new shares and in all likelihood expecting a SP nearer 13c tomorrow, which probably would have been the case without the announcement, so they may be more inclined to hold stock tomorrow. It probably will fall to about 16c tomorrow morning but then rise again as buyers see value based upon the announcement. Should be very interesting anyway.
Ann: US Department of Defense Funding, page-68
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Last
$1.95 |
Change
-0.060(2.99%) |
Mkt cap ! $1.486B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $2.00 | $1.89 | $27.90M | 14.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65427 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 57000 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |