To an extent you are right, capital raises are the name of the game in penny-land. It's the only way companies which generate next to nothing in profit, are able to keep a float and stay in the market. A penny stock without a capital raise you'll get a company going into insolvency.
Ann: $15M Placement Successfully Completed, page-98
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Last
3.2¢ |
Change
-0.001(3.03%) |
Mkt cap ! $80.66M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.3¢ | 3.1¢ | $48.11K | 1.502M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1113737 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 69787 | 1 |
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| Last trade - 12.55pm 19/06/2024 (20 minute delay) ? |
| QPM (ASX) Chart |