They raised capital because they probably consider their stock over valued
This kind of opportunistic raising is a bit of a red flag to me. Not overly happy about the way the stock has traded post it either. Vocation did something quite similar.
“curious time” for an equity raising, page-11
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Last
$1.32 |
Change
-0.020(1.49%) |
Mkt cap ! $1.068B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.35 | $1.32 | $666.3K | 502.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22641 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 840 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GEM (ASX) Chart |