Looks like we'll be punching into $0.28 this morning.
The consensus here regarding the drop in price since the beginning of this year has been that its due to CCZ selling down their stake acquired in the recent capital raising.
My question is, how often do these "sophisticated investors" buy shares in capital raising and then dump them almost immediately at a significant loss? Did they have a sudden change of sentiment? This seems an unsustainable practice.
Looks like we'll be punching into $0.28 this morning. The...
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Last
45.5¢ |
Change
-0.005(1.09%) |
Mkt cap ! $753.1M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.5¢ | 45.5¢ | $2.417K | 5.312K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 45193 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 327766 | 11 |
View Market Depth
| Last trade - 10.54am 26/07/2024 (20 minute delay) ? |
| PGC (ASX) Chart |