I think it was probably those "Sophisticated Investors" selling. We don't know what finances they used to buy into the 1.9 capital raise. Some could have done it on two days free credit. Even selling at 2.1 is 10%. They could have even averaged around the VWAP today of 2.22. That's around 18% in one day. I think the main buyers were retailers who had been sitting waiting for a sell down and IMO will be the main benefactors in the longer run.
All guesswork.
GLTAH DYOR
Ann: Results of Meeting, page-5
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Last
65.0¢ |
Change
-0.030(4.41%) |
Mkt cap ! $54.12M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 65.0¢ | 65.0¢ | $2.145K | 3.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16129 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 68.0¢ | 3776 | 1 |
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| Last trade - 12.51pm 09/09/2024 (20 minute delay) ? |
| JAT (ASX) Chart |