2nd page of the AVR announcement states a capital raising. It's standard practice for an asx listed company to halt shares for 2 days to start and finalise the institutional component of a raise. The term sheet (where this info was sourced from) is sent to investors from the key broker (Evolution) and the media / contacts used this today. Institutions have until tomorrow lunch to provide bids and then the company will announce results Wed morning. Some companies may turn this process around in a day but typically 2 days.
2nd page of the AVR announcement states a capital raising....
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Last
$4.85 |
Change
-0.150(3.00%) |
Mkt cap ! $75.19M | |||
| Open | High | Low | Value | Volume |
| $5.00 | $5.00 | $4.84 | $15.32K | 3.146K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 882 | $4.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.20 | 2136 | 2 |
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| Last trade - 15.14pm 25/07/2025 (20 minute delay) ? |
| AVR (ASX) Chart |