There are two factors I see here.
1. Price dropped to capital raising level.
2. Interest rates hike expectations have increased and this pulls money out of high p/e stocks and spec stocks generally.
Nothing meaningful IMO
Ann: Talga completes A$40 million institutional placement, page-58
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Last
40.0¢ |
Change
0.025(6.67%) |
Mkt cap ! $171.5M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 43.5¢ | 40.0¢ | $1.205M | 2.899M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 165684 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 7600 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| TLG (ASX) Chart |