Because management did a cap raise at the expense of retail holders that provided the participants with free money. Those 'investors' have been choosing to take the money since their shares were issued and any announcement provides additional liquidity to sell into and take those profits.
Since the 30 million shares were issued on the 13/11 the share price has declined despite multiple positive result announcements.
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Because management did a cap raise at the expense of retail...
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.27M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $897 | 69.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1930989 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 72605 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 1930989 | 0.012 |
13 | 1879381 | 0.011 |
7 | 2610000 | 0.010 |
2 | 1600000 | 0.009 |
3 | 1184383 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 72605 | 1 |
0.014 | 3124049 | 8 |
0.015 | 340807 | 3 |
0.016 | 1179219 | 7 |
0.017 | 451127 | 2 |
Last trade - 13.11pm 27/09/2024 (20 minute delay) ? |
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REE (ASX) Chart |