The problem with capital raises is most of the brokers in this area have a pool of wealthy private investors who are only looking for a quick 10% profit on each raising they participate in. If they participate in 7 capital raisings in a year with a quick 10% gain on each with the effects of compounding returns they can double their money in a 12 month period. Quick in and out and roll the funds over to the next decent CR. This has a tendency to drive the share price of a company down to the CR price despite its prospects. Happened recently with Carnaby trading at $1.70 and CR at $1.30 Shareprice now finding it difficult to move above $1.30.Happened with Deg CR at $1.20 when the shareprice had just hit $1.60. Happens about 8 out of 10 times with smaller companies imo. I sold Mayo this morning (should have sold Friday morning on peak hype) because I see the shareprice drifting down towards 12c and the options down towards 9c. Initial Mayo purchase was at 5.2c.
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Last
3.0¢ |
Change
0.002(7.14%) |
Mkt cap ! $101.1M |
Open | High | Low | Value | Volume |
3.0¢ | 3.1¢ | 2.9¢ | $159.0K | 5.337M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 939665 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 1606911 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 939665 | 0.030 |
9 | 994483 | 0.029 |
31 | 3165588 | 0.028 |
9 | 1512519 | 0.027 |
11 | 2130052 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 1606911 | 3 |
0.032 | 779190 | 5 |
0.033 | 1600000 | 3 |
0.034 | 400000 | 3 |
0.035 | 3227460 | 8 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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