Not sure I understand how a price drop would be beneficial to the company, although I guess you could say it might be beneficial to share holders wanting to participate in the capital raising, if they get the opportunity. Anyway personally I see the drop as caused by Packer getting out of the stock for whatever reason. Maybe they fore-saw the capital raising, or more likely they wanted the cash for another reason.
However, I also believe the results are favourable, and they want the cash to put themselves in a good position for the P2b trial.
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Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $467.8M |
Open | High | Low | Value | Volume |
38.0¢ | 39.0¢ | 37.5¢ | $176.6K | 463.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 121324 | 38.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 90033 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 95009 | 0.380 |
6 | 189166 | 0.375 |
13 | 300856 | 0.370 |
4 | 11693 | 0.365 |
7 | 278244 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 75043 | 2 |
0.395 | 13157 | 1 |
0.400 | 140733 | 2 |
0.405 | 30000 | 1 |
0.410 | 98513 | 3 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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OPT (ASX) Chart |