You all have no idea.
It's a pause in trading not a trading halt, so they don't need to tell you what it's for.
The company may be posting a NPAT but they still have high non cash earning and cash burn. Net cash flow is negative with about $7m being used last quarter and $16m remaining. Excluding other facilities, the company will need cash in the next 6 months and what better time to do it after the share price is over 200% up.
Yes it could be anything, but of all things the most likely is a capital raising.
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You all have no idea.It's a pause in trading not a trading...
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Last
3.8¢ |
Change
0.001(2.70%) |
Mkt cap ! $14.39M |
Open | High | Low | Value | Volume |
3.7¢ | 3.8¢ | 3.7¢ | $900 | 24.18K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 96010 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 96010 | 0.037 |
2 | 96203 | 0.036 |
1 | 777 | 0.033 |
1 | 132916 | 0.030 |
1 | 37037 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 500 | 1 |
0.040 | 65000 | 1 |
0.046 | 171917 | 1 |
0.049 | 5000 | 1 |
0.050 | 231233 | 8 |
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