Sometimes, a company increases in price after a capital raise if the main constraint is the absence of enough cash to push its business plan forward.
Maybe LKE are no longer financially constrained? Don't know much about them.
GLN is in a different situation as everyone knows they are still financially constrained. Hence, the funding uncertainty remains (i.e. with respect to financing the completion of stage 1), and the share price falls after the cap raise. Add to that, sentiment around lithium was probably at its lowest ebb back then.
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Sometimes, a company increases in price after a capital raise if...
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11.5¢ |
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Mkt cap ! $58.26M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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13 | 877015 | 11.0¢ |
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Price($) | Vol. | No. |
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11.5¢ | 190344 | 1 |
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No. | Vol. | Price($) |
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13 | 877015 | 0.110 |
6 | 1194214 | 0.105 |
15 | 1152057 | 0.100 |
1 | 10000 | 0.096 |
1 | 65000 | 0.095 |
Price($) | Vol. | No. |
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0.115 | 190344 | 1 |
0.120 | 535000 | 5 |
0.125 | 474576 | 6 |
0.130 | 147500 | 4 |
0.135 | 340000 | 2 |
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