Yeah but as @Lacan pointed out this morning, they normally suspend on this type of news release. This news not fully in mkt yet for sure.
You'd have to do balls achingly difficult empirical analysis to even begin to prove, but notionally, when the stock suspended, more potential ASX investors and bots pick up the news, and on FOMO you get announcement spikes. One could argue a slower dissemination of the news and less frenzied buying and the stock progresses as the news disseminated.
All fo the usual news sources for small caps have yet to pick this up in a google search, just the one so far:
OCC Trading, page-1533
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Last
37.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.49M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 37.5¢ | $11.69K | 31.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 449964 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 11502 | 3 |
View Market Depth
| Last trade - 15.59pm 21/05/2024 (20 minute delay) ? |
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Last
37.5¢ |
Change
0.000 ( 2.60 %) |
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| Open | High | Low | Volume | ||
| 38.0¢ | 38.0¢ | 37.5¢ | 22028 | ||
| Last updated 14.08pm 21/05/2024 ? | |||||
| OCC (ASX) Chart |