look at PDN driven down from around 2.60 to 1.35 cap raising announced at 1.20 for around 70 mil - it goes to 1.12 then two weeks later springs back to 1.75 (those 70 mil investors are sitting on 35 - 40% gains inside a month and the coy is now topped up with cash)
... there is often negative pressure on SP to show those new investors a lot of upside potential as quickly as possible so SP seems driven down.
If there is a desire to raise money soon we will see the SP pushed lower IMHO.... or maybe someone just wants to off load a few million shares - interesting that all that down pressure came at a time when things look positive and today they have completely disappeared - this shows some level of someone wanting the price down to me - who could this be I wonder?
Is anyone trying to make the price less? if so what do they have to gain?
pretty obvious!
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Last
$2.48 |
Change
0.090(3.77%) |
Mkt cap ! $442.9M |
Open | High | Low | Value | Volume |
$2.44 | $2.54 | $2.43 | $1.569M | 633.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 82 | $2.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.50 | 1500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2700 | 2.470 |
1 | 406 | 2.460 |
1 | 5000 | 2.430 |
1 | 866 | 2.420 |
4 | 8465 | 2.400 |
Price($) | Vol. | No. |
---|---|---|
2.520 | 4300 | 1 |
2.530 | 50 | 1 |
2.550 | 50 | 1 |
2.560 | 10000 | 1 |
2.570 | 10000 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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BMN (ASX) Chart |