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
$1.42 |
Change
-0.015(1.05%) |
Mkt cap ! $221.3M | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.45 | $1.40 | $100.7K | 70.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5221 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 16909 | 5 |
View Market Depth
| Last trade - 15.45pm 03/06/2024 (20 minute delay) ? |
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Last
$1.42 |
Change
-0.015 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.41 | $1.45 | $1.40 | 17614 | ||
| Last updated 15.45pm 03/06/2024 ? | |||||
| D2O (ASX) Chart |