I doubt it will be relating to a capital raising. I think it would have said something along lines of placement etc. if that was case. Plus they're low cash burn and plenty of money in the bank.
Don't forget the rights issue for the 1:4 options that we're likely to hear more on soon, that will stick a tiny bit more money in the bank.
The stock was oversold prior to today, so bit of a bounce was bound to happen at some stage, but the action was a surprise that's for sure. Possibly a report was released and then the DT threads leapt on the momentum?
I'd say Friday will be a big volume day, we have some stock coming out of escrow that could hit market and take advantage of the demand, who knows.
Whichever way it goes, I'm in for the long haul on this beast. Even at 30c I personally think the tech valuation is low considering the size of the two markets it could disrupt....
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Last
29.0¢ |
Change
-0.005(1.69%) |
Mkt cap ! $66.73M |
Open | High | Low | Value | Volume |
29.5¢ | 29.5¢ | 29.0¢ | $9.603K | 33.07K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 3706 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 40529 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 3706 | 0.290 |
6 | 20425 | 0.285 |
6 | 77082 | 0.280 |
4 | 23362 | 0.275 |
5 | 27376 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 40529 | 7 |
0.300 | 79726 | 6 |
0.305 | 31393 | 2 |
0.310 | 17810 | 4 |
0.315 | 96527 | 2 |
Last trade - 13.46pm 18/09/2024 (20 minute delay) ? |
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