So, the placement shares hit the market 26/11 and haven't traded higher since. Not your typical P+D strategy it would seem! Encouraging follow up results from the drill but was the market anticipating more? I like that the raise was done at a high price to limit dilution. Still a small number of SOI means any good news will see the price run, hard. Price seems to have found support at 55c. This could be a good entry point.
Ann: Successful Institutional Placement to fund exploration, page-25
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $47.84M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $56.70K | 352.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11038 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 6888 | 1 |
View Market Depth
| Last trade - 15.45pm 16/05/2024 (20 minute delay) ? |
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Last
16.0¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 16.5¢ | 17.0¢ | 15.5¢ | 99040 | ||
| Last updated 15.45pm 16/05/2024 ? | |||||
| USL (ASX) Chart |