I note there was some post raise weakness in the SP last year after completion of the 48cps RI, hitting an ATL of 45.5c.
Currently we're at recent support around 48c and next technical support would be the ATL at 45.5c.
Break-even on the recent raise @ 50cps and 1:4 free options works out to 47.5c.
Based on what we know now, (not including what any insiders may know) I doubt many would be selling below 47.5c.
I note there was some post raise weakness in the SP last year...
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29.0¢ |
Change
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Mkt cap ! $67.88M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 28.5¢ | $37.40K | 127.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 53263 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 70100 | 5 |
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