To improve liquidity and allow for greater chance of capital raise in my opinion. ECT had no choice.
Case and point the latest cap raise failing hard since the company could not offer shares lower than already bottomed out stock price, leading to minimal uptake of CR since people can buy for same price on market.
To improve liquidity and allow for greater chance of capital...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $7 | 2.454K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 18738002 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12408157 | 22 |
View Market Depth
| Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |