Nothing behind the scenes I suspect.
It's a couple of things at least:
1. The apparent ease of raising money.
2. The new involvement as a 7% holder of Investmet that has a reputation of backing winners. That gives the company some gravitas! Note too that Investmet is to sub-underwrite the rights issue to $500k.
3. The possible perceived connection between I's investment and good results coming up soon - short term benefit. Add medium to long term too because this would be a medium to long term commitment for I as well.
There were some big licks today on both sides. Some of the last CR people (June) at 1.5c may have jumped. New blood in though!
I wonder how much day trading from DTs happened today!
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Mkt cap ! $3.813M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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3 | 327000 | 0.007 |
3 | 1439907 | 0.006 |
7 | 2050199 | 0.005 |
3 | 809612 | 0.004 |
3 | 1800000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 58180 | 1 |
0.009 | 3215000 | 3 |
0.010 | 994315 | 3 |
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