Until we know the price very difficult to know how it will play out but i think it is a positive for the following reasons:
1. Company is cashed up
2. Removes the reason the stock has been shorted. ie they need cash
3. Buys them time to complete farm out deals on their terms
Trading will be messy until the issue is put to bed though
Until we know the price very difficult to know how it will play...
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Last
$1.77 |
Change
0.035(2.02%) |
Mkt cap ! $1.392B | |||
| Open | High | Low | Value | Volume |
| $1.76 | $1.77 | $1.76 | $319.5K | 181.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 13323 | $1.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 33413 | 3 |
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| Last trade - 10.05am 08/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |