It seems like it was given as a gift to existing institutional shareholders to increase their holdings and lower average cost without buying on market. It is very thinly traded share, any decent trade can cause big spikes. Amount raised seem quite low to follow any specific strategy. Time will tell.
Ann: De.Mem Announces A$2.2m Placement, page-6
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 (20min delay)
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $21.25K | 169.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 54000 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 73675 | 2 |
View Market Depth
| Last trade - 13.43pm 15/05/2024 (20 minute delay) ? |
| DEM (ASX) Chart |