The shareprice dropping was due to the expectation dilution of issuing ~10% new shares, meaning everyone's shares lost 10% of value. Not necessarily because of people cashing out. Investopedia has a good article explaining CR dilution.
Ann: Strategic Acquisition & Equity Raise - Investor Presentation, page-13
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Last
$2.73 |
Change
0.110(4.20%) |
Mkt cap ! $740.9M | |||
| Open | High | Low | Value | Volume |
| $2.59 | $2.79 | $2.57 | $2.046M | 763.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2714 | $2.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 2686 | 2 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| CAT (ASX) Chart |