I think its more to do with the certainty once a capital raise is completed and funds received that the company has a more resilient balance sheet. Have a look at how NAB has performed post the announcement of the completed capital raise 2 days ago. From $16.60 close on Tuesday to $18.79 close today.
"9.05 am Wednesday, 27 May 2020
ASX ANNOUNCEMENT
NAB announces results of Share Purchase Plan Offer"
Ann: Trading Halt, page-43
Add LLC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.13 |
Change
-0.030(0.49%) |
Mkt cap ! $4.228B | |||
| Open | High | Low | Value | Volume |
| $6.06 | $6.16 | $6.03 | $11.11M | 1.819M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10103 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.13 | 24948 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LLC (ASX) Chart |