Someone, probably the capital raising organisers, did some buying, probably out of the pay they got, to raise the price, so that the punters could follow and raise the price too. This let the SI's out. It's probably all part of the agreement. If the broker keeps doing their job- but doing it a little faster than this- the day traders would climb on and raise the price even higher and the SI's could really hit pay dirt, although the day traders would get out before the end of the day, sao there might not be much left for long-termers.
That's my thoughts- someone else will have different ones. CR at 5.9c- the SI's are probably happy to get 7c out of it. Let's hope it keeps gettingh pushed up, though- we could do with a break.
PYC Price at posting:
6.8¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)