Similar price action happened after the RI last year, where it traded down to around the breakeven of the new shares + options.
However there was an approx 50% shortfall that the underwriter had to deal with.
It then trended up on a series of positive progress reports ahead of the CDP startup......followed by sell the fact, (then sell pre placement for those in the know)
Its formed another bear flag now, with next support at 45.5c.
Various potential catalysts for the sp in the works, but a bit vague as to if and when they happen. By comparison, I think there was a higher level of confidence driving the sp ahead of the CDP startup.
100 hours please, page-37
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Last
40.5¢ |
Change
0.005(1.25%) |
Mkt cap ! $93.19M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.5¢ | 39.5¢ | $87.47K | 219.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 39978 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| HZR (ASX) Chart |