I would imagine it is because shareholders interpreted the annoucement as a possible capital raising (where will the shares the North American funds come from? I doubt on market).
Also RED looked to be heading towards a downtrend anyway. The annoucement just spurred it on.
I would imagine it is because shareholders interpreted the...
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Last
33.3¢ |
Change
0.008(2.31%) |
Mkt cap ! $2.227B | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 33.5¢ | 32.5¢ | $4.342M | 13.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 888228 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 2829908 | 90 |
View Market Depth
| Last trade - 15.51pm 17/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |