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
I think there is stock being unwound into the market after...
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Last
$2.67 |
Change
0.040(1.52%) |
Mkt cap ! $188.0M | |||
| Open | High | Low | Value | Volume |
| $2.67 | $2.70 | $2.64 | $404.6K | 152.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5532 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 15319 | 3 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| AVH (ASX) Chart |