Slightly concerning.
Timing of the equity raising says they don't see any short term news that could improve the share price, so they are doing it now before it gets worse....
Sold half my shares at 10 cents and at the moment it looks like a good option.
Only saving grace would be if the equity raising price becomes a floor for the SP, but then we've seen dips well below other capital raisings in the past.
Let the diagnosis begin!
Ann: Trading Halt-FAR.AX, page-7
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Last
50.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 49.5¢ | $48.61K | 97.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11920 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 94070 | 2 |
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| Last trade - 15.43pm 22/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |