They are essentially raising money for the business by issuing more shares and selling them to sophisticated investors (rather than the general public)
Positives: Company has more money
Negatives:
- Company issues more shares, therefore our shares are now worth less.
- Company issues these shares at a price less than market value
- Both of these lead to the stock price going down in value (short term), but hopefully up in value (long term) if they can get a high return on equity (ROE)
- More shares on issue, lead to a lower earning per share (eps) in the future
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Last
0.3¢ |
Change
-0.001(14.3%) |
Mkt cap ! $3.129M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $1.805K | 601.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 4511734 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 14683550 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 4511734 | 0.003 |
32 | 48847722 | 0.002 |
8 | 22500000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14683550 | 24 |
0.005 | 11113423 | 12 |
0.006 | 4452797 | 6 |
0.007 | 3941681 | 6 |
0.008 | 1454976 | 4 |
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