An unconvincing day for VRC and as I said before there is no floor in the price until the SPP VWAP is calculated. At 1.6 cents shareholders are facing a SPP at 1.28 cents.
I think the stock will be in the low 1 cent range by the time the VWAP is calculated so potentially a SPP at 1 cent.
The only people that benefit from a placement completed like this is Pattersons who don't currently have a position in the company. They potentially get stock at 1c to 1.2c and can happily trade it out for 20%. But who buys all their stock?
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $20.79M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $13.41K | 2.693M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 5182486 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 14054725 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 5182486 | 0.004 |
36 | 31292795 | 0.003 |
18 | 23351715 | 0.002 |
10 | 18067001 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 14054725 | 13 |
0.006 | 9546198 | 18 |
0.007 | 10852572 | 6 |
0.008 | 5470275 | 11 |
0.009 | 2745744 | 8 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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