Usually the day before a CR you see some sort of evidence of some insider info and some against the trend selling.
Yesterday a lot wanted in. A 2.5c 6million share wall was placed at 7am ensuring the price wouldn't fall below that and those shares were still there at close...only a nibble went. So good idea who owned that wall that created a floor for a day. Now a CR will create a solid floor.
I noticed the different language in this announcement than past raises "two consecutive trading halts for planning, Considering and executing a capital raise" instead of "proposed" capital raise. I really like the word "considering"
I have seen some good raises for undervalued stocks.....CZR raised at 1.2 opened at 1.7 (previous close was 1.5) and got to 2.3 within 3 days.
Mondays trading (volume of previous 4 days added together and the wall didn't sell) makes me think this CR will be something similar...
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Open | High | Low | Value | Volume |
1.4¢ | 1.6¢ | 1.4¢ | $29.56K | 1.949M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 7707588 | 1.4¢ |
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Price($) | Vol. | No. |
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1.5¢ | 93334 | 1 |
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No. | Vol. | Price($) |
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19 | 7707588 | 0.014 |
7 | 2956421 | 0.013 |
4 | 2507223 | 0.012 |
8 | 1009033 | 0.011 |
6 | 1959995 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 93334 | 1 |
0.016 | 1108052 | 4 |
0.017 | 4438785 | 11 |
0.018 | 1162560 | 7 |
0.019 | 2270000 | 2 |
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