DUB

6.45%

2.9¢ dubber corporation limited

Dubber.Dubber.Do., page-4881

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manne65

14 Posts.

09/08/21

14:08

Post #: 55141844
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Originally posted by mags001: ↑

From The Motley Fool

TheDubber Corp Ltd(ASX: DUB)share price is soaring today despite no news having been released by the company.
Dubber stocks have broken through its point of resistance to reach its highest price since before itshifted from gold mining to technologyin 2015.
Dubber now operates acall recording, management, and access servicethrough its cloud-based platform.
Right now, the Dubber share price is $3.40, 5.26% higher than its previous close.
However, earlier today the Dubber share price reached $3.44, representing a 6.5% gain.
Let’s take a look at what might be driving Dubber higher today.
The latest from Dubber
The last time we heard from Dubber was just last week when the company announced a successful capital raise.
Its unclear whether the gains the Dubber share price is experiencing today is a belated reaction to the announcement.
Last Tuesday, Dubber announced itsuccessfully underwent an institutional placementas part of a $110 million capital raise.
The placement announced by Dubber was the first tranche of a 2 tranche capital raise.
As part of the first tranche, more than 33 million Dubber shares were offered for $2.95 a piece.
The second tranche is dependent on shareholder approval and is expected to take place in September.
The company didn’t state what it plans to use the funds for.
However, Dubber’s CEO commented on a “unique opportunity” that would allow the company to “not only become one of Australia’s leading technology companies, but a true global leader in our field”.
The company also stated it plans to increase its reoccurring revenue by 156% to reach $100 million per year.
Dubber share price snapshot
The Dubber share price has been performing well on the ASX lately.
It has gained an impressive 94% since the start of 2021. It has also increased by 165% since this time last year.
The company has amarket capitalisationof around $938 million, with approximately 257 million shares outstanding.

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I think this is a direct result of Motley Fool recommending this share as an extreme opportunity this month. Lot of mum and pop buyers follow MF

DUB Price at posting: $3.52 Sentiment: Buy Disclosure: Not Held
3 Upvote

0 Great analysis

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(20min delay)
Last 2.9¢		Change -0.002(6.45%)		Mkt cap ! $26.76M

Open	High	Low	Value	Volume
3.1¢	3.1¢	2.9¢	$1.557K	53.24K

Buyers (Bids)

No.	Vol.	Price($)
5	526716	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	799075	4

View Market Depth

No.	Vol.	Price($)
5	526716	0.029
5	435710	0.028
1	70000	0.027
1	400000	0.026
4	342000	0.025

Price($)	Vol.	No.
0.034	799075	4
0.035	66666	1
0.036	424183	4
0.037	285000	1
0.038	19628	2

Last trade - 15.58pm 06/09/2024 (20 minute delay)

DUB (ASX) Chart

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Dubber.Dubber.Do., page-4881

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