It's a bit unfortunate that the RIO action is happening while we're in the middle of this capital raise.
In hindsight, extending to October 10th wasn't the best move. There are several reasons why Galan has been lagging behind its peers in the recent rebound, and none of them are new or unexpected.
Right now, the capital raise is holding us back, and what happens once the shares are allocated is still up in the air.
If the share price rises a lot now, many might be tempted to sell for a quick profit once they get their shares, which could drag the price back down to $10.5.
The big question is how the share price will react after the new shares are allocated. Will it bounce back, or will it stay stuck where it’s been?
I guess it also depends on how offset + funding will progress in the next few days / weeks.
I would really love JP to give the market some tentative timeline ...
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Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $68.54M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.0¢ | $197.6K | 1.702M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 92994 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 269000 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 92994 | 0.115 |
23 | 1457679 | 0.110 |
24 | 1921287 | 0.105 |
57 | 3690642 | 0.100 |
4 | 131111 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 269000 | 4 |
0.125 | 441061 | 7 |
0.130 | 500900 | 13 |
0.135 | 1008914 | 4 |
0.140 | 133258 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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