Nothing to do with the capital raising. It was tiny in the scheme of things and those excess shares from the raise were already churned over in the fortnight following the raise.
This just comes down to uninformed day traders who are happy with small 10% gains and hence the movement of the share price up and down around 10% in the last week.
They will soon regret it when they realise west Arunta drilling is not just a maximum of 6 trading days away.
Those holding long will get the best returns while the day traders will miss the boat at some stage.
Ann: Two REE Trends Identified at West Arunta, page-511
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5.3¢ |
Change
-0.024(31.2%) |
Mkt cap ! $19.80M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 7.1¢ | 5.0¢ | $1.778M | 29.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1100000 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 20000 | 1 |
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| RCR (ASX) Chart |