EOF 2.70% 3.8¢ ecofibre limited

You all have no idea.It's a pause in trading not a trading...

  1. 516 Posts.
    lightbulb Created with Sketch. 112
    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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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
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Last trade - 15.45pm 14/08/2024 (20 minute delay) ?
EOF (ASX) Chart
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