They are very unlikely to do an acquisition funded by cap raising when the share price is at 52 week low.. I suspect it is the shorters playing with the general fear of investors to drive the share price lower. When it broke through $3.00, the shorters (aka vultures) have taken hold. Good volume today and share price recovering from the low may signal turnaround in MTR's fortunes. So far, the shorters have had a free ride. When they burn their fingers, the SP should recover very quickly
DYOR
They are very unlikely to do an acquisition funded by cap...
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $34.73M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $28.77K | 143.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 356 | 1 |
View Market Depth
| Last trade - 12.50pm 21/06/2024 (20 minute delay) ? |
| SRT (ASX) Chart |