Doubt it is a takeover - M&A activity right now is very subdued due to COVID-19 uncertainty and takeover speculation only pans out in a very small % of cases in my experience.
More likely a combination of 1) Reputable fundie increasing stake in company, 2) Realising company is significantly undervalued, probably linked to renaissance's vote of confidence and 3) bit of optimism regarding the COVID-19 situation carrying over from the US. We didn't rally yesterday with the rest of the market so this may be a bit of a 'make-up' rally.
All IMO
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Doubt it is a takeover - M&A activity right now is very subdued...
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41.0¢ |
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0.005(1.23%) |
Mkt cap ! $201.4M |
Open | High | Low | Value | Volume |
41.0¢ | 41.5¢ | 40.5¢ | $215.8K | 529.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12338 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 67520 | 8 |
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No. | Vol. | Price($) |
---|---|---|
1 | 12338 | 0.405 |
8 | 510959 | 0.400 |
7 | 73232 | 0.395 |
11 | 128213 | 0.390 |
3 | 9253 | 0.385 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 67520 | 8 |
0.415 | 111833 | 3 |
0.420 | 122952 | 4 |
0.425 | 16917 | 3 |
0.430 | 143573 | 11 |
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