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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- its capital raising time!
look at PDN driven down from around 2.60 to 1.35 cap raising...
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Last
$3.27 |
Change
-0.310(8.66%) |
Mkt cap ! $499.8M |
Open | High | Low | Value | Volume |
$3.30 | $3.40 | $3.23 | $6.799M | 2.065M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 24450 | $3.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.28 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 24450 | 3.270 |
5 | 17450 | 3.260 |
7 | 23675 | 3.250 |
2 | 2500 | 3.240 |
2 | 9500 | 3.230 |
Price($) | Vol. | No. |
---|---|---|
3.280 | 20000 | 1 |
3.420 | 11983 | 2 |
3.450 | 2000 | 1 |
3.540 | 280 | 1 |
3.550 | 600 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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