I disagree. After the initial drop in share price when the CR was announced the price has stabalised and even increased. Checking the depth this morning, there are bids into the sells at 3.7. There are bids all the way down to 2.5 of sizes greater than usual.
I think investors know the short-term upside and are waiting for upcoming news of results.
Just my thoughts.
Ann: PharmAust Raises $1.3m in Rights Issue, page-14
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $87.55M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $32.79K | 181.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60080 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 199997 | 1 |
View Market Depth
| Last trade - 11.54am 04/09/2024 (20 minute delay) ? |
| PAA (ASX) Chart |