Your timeline is incorrect.
GENE surged on July 15 because of positive news relating to its COVID severity risk test, and that they had applied for Aus patent, partnered with US company, arranged for scaled up production and were seeking certain regulatory approvals etc. It did not surge on the news of the placement - that news was only announced after the trading halt.
Ann: GTG Announces US$5.1 Million Capital Raising, page-15
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| GTG (ASX) Chart |
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