My broker says the selling is because many of those who applied for the SPP did so for their full allocation thinking it would be scaled back due to excess demand ... a reasonable assumption given the share price was 4.5c when the CR as announced. As such, there are some needing to divest themselves of excess shares. Once that's done with ... the share price will be on the rise again.
Ann: Weebit Nano Share Purchase Plan closes oversubscribed, page-17
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Last
$2.09 |
Change
0.030(1.46%) |
Mkt cap ! $394.8M | |||
| Open | High | Low | Value | Volume |
| $2.06 | $2.16 | $2.03 | $1.710M | 811.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13744 | $2.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 9311 | 2 |
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| Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |