look at PDN driven down from around 2.60 to 1.35 cap raising announced at 1.20 for around 70 mil - it goes to 1.12 then two weeks later springs back to 1.75 (those 70 mil investors are sitting on 35 - 40% gains inside a month and the coy is now topped up with cash)
... there is often negative pressure on SP to show those new investors a lot of upside potential as quickly as possible so SP seems driven down.
If there is a desire to raise money soon we will see the SP pushed lower IMHO.... or maybe someone just wants to off load a few million shares - interesting that all that down pressure came at a time when things look positive and today they have completely disappeared - this shows some level of someone wanting the price down to me - who could this be I wonder?
Is anyone trying to make the price less? if so what do they have to gain?
pretty obvious!
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Last
$3.14 |
Change
-0.050(1.57%) |
Mkt cap ! $560.8M |
Open | High | Low | Value | Volume |
$3.21 | $3.23 | $3.05 | $1.909M | 606.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 6892 | $3.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.15 | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 3.110 |
2 | 6326 | 3.060 |
1 | 328 | 3.040 |
1 | 1661 | 3.010 |
5 | 13228 | 3.000 |
Price($) | Vol. | No. |
---|---|---|
3.150 | 10000 | 1 |
3.200 | 11650 | 4 |
3.230 | 15000 | 1 |
3.240 | 4459 | 1 |
3.250 | 5908 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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