Often Founder / Directors hold large parcel of shares often do not see their share price rise to a level they like because of liquidity issue.
Ultimately it's a choice between a large percentage of small share price (or small cake), or a smaller percentage but an increase in share price (bigger cake).
Given this was sold to institutions at $5.40, at least we know that they will do their utmost to promote to their wider market, hence the rise in share price we've seen recently.
If this wasn't done - I believe we'll still be stuck at $4ish pretty much forever with lack of exposure (in terms of investment roadshow, presentation, etc)
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Last
48.0¢ |
Change
0.005(1.05%) |
Mkt cap ! $40.99M |
Open | High | Low | Value | Volume |
47.5¢ | 48.0¢ | 47.5¢ | $11.76K | 24.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 330 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 330 | 0.480 |
4 | 6112 | 0.470 |
1 | 10000 | 0.465 |
1 | 30000 | 0.455 |
1 | 2200 | 0.450 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 2500 | 1 |
0.500 | 6875 | 2 |
0.535 | 842 | 1 |
0.540 | 2907 | 3 |
0.545 | 20000 | 1 |
Last trade - 14.11pm 17/07/2024 (20 minute delay) ? |
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