From memory i think the last cap raise was 130m new shares @ 7c, so some of those would now be looking to use this as an exit, particularly pre year end.
Interesting question is whether some might hang around and / or whether the wave of sellers will overwhelm the new buyers. At 130m shares it's a bit wall to climb, but encouraging with turnover of late that a base is being set lower. Maybe a few more announcements and the sellers would be exhausted?
in the long run the fundamentals usually win out, so does it really matter?
Pls explain..., page-11
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $1.339M | 6.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 674181 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 741329 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |