Because it's an 8.5 to 1 retail offer you might see some small-med holders sell down 10-12% of their position above 37c in order to get it back in the offering. Others will choose to increase their LT hold instead.
Short term volatility after a raise like this is the norm. The trajectory remains the same.
PDN price predictions, page-3
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Last
$11.91 |
Change
-0.145(1.20%) |
Mkt cap ! $3.602B | |||
| Open | High | Low | Value | Volume |
| $12.12 | $12.15 | $11.78 | $4.354M | 364.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 718 | $11.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.91 | 3860 | 13 |
View Market Depth
| Last trade - 10.33am 24/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |