This is most likely a result of capital raise participants short selling on T+2 trading before they got issued the new shared (i.e. front running the share price drop) then when shares issues the open short positions are removed with no buying needed. Very poor form and should be illegal imo but something known to occur during capital raises.
Ann: Presentation - RIU Fremantle, page-79
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $93.62M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.0¢ | $911.2K | 4.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1043039 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 377780 | 12 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
22.5¢ |
Change
-0.005 ( 0.18 %) |
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| Open | High | Low | Volume | ||
| 22.5¢ | 22.5¢ | 22.0¢ | 1155805 | ||
| Last updated 15.40pm 27/05/2024 ? | |||||
| GLN (ASX) Chart |