So, finally a bit of action on the western fronts (all quiet as posted this am).
Today share price action could be be attributed to the rumour that the company is selling out key asset "to survive" without knowing the full picture of the deal.
Looks like the management got a fairly good deal on the divestment and enable to repay debt in full & improve financial strength / cash position for the remainder of the core business.
IMO, we should have a good trading session tomorrow as the financial boffins digest the details/numbers of the divestment.
Back up to $1.40 - $1.50 tomorrow.
Ann: EOS announces divestment of EM Solutions for $144m, page-14
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Last
$3.03 |
Change
-0.180(5.61%) |
Mkt cap ! $584.6M | |||
| Open | High | Low | Value | Volume |
| $3.25 | $3.25 | $2.99 | $6.117M | 1.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13655 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.04 | 987 | 2 |
View Market Depth
| Last trade - 16.11pm 01/08/2025 (20 minute delay) ? |
| EOS (ASX) Chart |