To increase demand attracted by funds and by institions which either can only, or can gain greater exposure to a company if it moves into the ASX 200, the demand generated increases the share price - this would only be beneficial if a capital raise was to take place.
One would need to be on top of the Sayona financials to know that and even then something left field such as a material acquisition coukd be cause for a cap raise.
High share price on a cap raise reduces dilution for current holders. I have seen the effects either way before (PLS and 1MC).
General Discussion Topics, page-69980
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $370.5M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.5¢ | $2.158M | 59.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2625000 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 5881377 | 21 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SYA (ASX) Chart |