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.
They raised capital because they probably consider their stock...
Add GEM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.24 |
Change
-0.015(1.20%) |
Mkt cap ! $1.003B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.23 | $960.2K | 771.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8128 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 2829 | 1 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| GEM (ASX) Chart |