standard discount on a raise is 10-15% on a volume weighted avg price of 5-30 trading days. a discount incentive has to be offered otherwise investors would simply wait to buy shares on market
- in part the pricing reflects fact EVN was recently trading higher.
but primarily imo theyve used 3.85 because its in line the prior technical low, for a low risk and exceptionally high qual company
which is what makes it a sweet spot for launching pad and magnet for investors so long as gold stocks dont collapse entirely - and by doing the raise there they create a defensive line in the sand where instos should bid to soak more if it gets retested
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Last
$4.74 |
Change
0.100(2.16%) |
Mkt cap ! $9.458B |
Open | High | Low | Value | Volume |
$4.66 | $4.77 | $4.66 | $36.42M | 7.708M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
79 | 150641 | $4.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.74 | 95244 | 64 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
72 | 149738 | 4.730 |
33 | 198163 | 4.720 |
18 | 176443 | 4.710 |
16 | 107369 | 4.700 |
6 | 120182 | 4.690 |
Price($) | Vol. | No. |
---|---|---|
4.740 | 89954 | 56 |
4.750 | 136741 | 44 |
4.760 | 243261 | 25 |
4.770 | 244297 | 24 |
4.780 | 185198 | 16 |
Last trade - 15.28pm 27/09/2024 (20 minute delay) ? |
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EVN (ASX) Chart |