So the underwriters have 16.2 million D2O shares that they need to find a home for - this is a huge overhang which surely means short term price pressure until a home can be found for these shares. Hopefully there are some insto's that are keen to take advantage of the liquidity to build a meaningful holding.
From D2O's perspective, it's great news that they have raised the full $44 million sought.
Ann: Successful Completion of Entitlement Offer, page-2
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Last
$1.36 |
Change
0.025(1.87%) |
Mkt cap ! $212.6M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.36 | $1.34 | $35.42K | 26.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7347 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 15999 | 1 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| D2O (ASX) Chart |