As we wrote a few days ago...
Perennial will cap the share price until its out and, unfortunately, it has 10.8M shares left to sell to people buying today...
More importantly, they sold a truck load on 7 Sept when the 'Breakthrough Welding Wire Composition Project' news was announced, which suggests that management has ceased communications with Perennial.
Mind you, this announcement is only up to Tuesday --- so Perennial would likely have offloaded loads of stock yesterday and today. As we suggested a few days ago, the recent increase in volume suggests that Perennial would sell more and get out faster. When they get to 5%, they won't be required to announce their sales anymore to the market.
The share price closed at 17.5c today.
Looks like going lower...
As we wrote a few days ago...Perennial will cap the share price...
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Last
21.5¢ |
Change
-0.030(12.2%) |
Mkt cap ! $81.50M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 21.0¢ | $590.8K | 2.689M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 239137 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 124444 | 4 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AL3 (ASX) Chart |