I think there is stock being unwound into the market after raising $5m with Fortrend Securities. This will keep some capping pressure as they unwind some of the stock to recoup the financing. So I think this will create , 'steps' in the share price chart. For instance if they complete their selldown at 17 cents, they might move to 20 and cap there for a period.
This new funding is becoming common as it is a simple form of finance form small caps without having to go to the banks.
R
2010 - the year for avh, page-8
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Last
$2.73 |
Change
-0.200(6.83%) |
Mkt cap ! $185.9M | |||
| Open | High | Low | Value | Volume |
| $2.70 | $2.77 | $2.63 | $1.420M | 521.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3075 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.73 | 45063 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| AVH (ASX) Chart |