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.
This is most likely a result of capital raise participants short...
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 (20min delay)
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Last
29.0¢ |
Change
-0.025(7.94%) |
Mkt cap ! $123.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.5¢ | 28.5¢ | $583.7K | 1.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 388902 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 52406 | 10 |
View Market Depth
| Last trade - 15.36pm 13/05/2024 (20 minute delay) ? |
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Last
28.5¢ |
Change
-0.025 ( 11.2 %) |
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| Open | High | Low | Volume | ||
| 31.0¢ | 32.0¢ | 28.5¢ | 697534 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| GLN (ASX) Chart |