SYT
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0.00% 0.1¢ syntonic limited

The Syntonic Ltd(ASX: SYT) share price plunged to a 52-week low...

  1. ualeon
    330 Posts.
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    20/12/17
    16:12
    Post #: 29777309
    The Syntonic Ltd(ASX: SYT) share price plunged to a 52-week low of 1.9 cents on Tuesday after announcing the issue of approximately 250 million new shares following its $5 million placement. Not only was the placement highly dilutive to existing shareholders, but as these shares were issued at 2 cents each, many shareholders appear to have been quick to offload them this morning. I suspect this selling pressure could continue for some time to come, holdings its share price down for the medium term. Motley Fools

    Gonna set a buy order at 0.9c
    Last edited by ualeon: 20/12/17
    SYT Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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