They were the house broker in the recent cap raise at 0.006.
The company raise $3M at 0.006 but keep in mind there are directors, Lion Selection and others who took shares.
Assuming Canaccord placed half of the shares. Then $1.5M at 0.006 is approx 250M shares.
This is a two tranche placement and Canaccord very privy to get their allocation in the first tranche.
I know they have been selling consistently since the shares were allotted. The question is, are they almost finished?
Please DYOR
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.96M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $25.23K | 2.294M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 473243 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3725824 | 9 |
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| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| SHN (ASX) Chart |