The fact that the directors invested a total of 375,000 in the placement gives a reasonable indication that they think that the shares are undervalued.
Market always likes to read that directors are investing more money in their own stock. Fair to say there is no better endorsement then the people who run the show wanting to buy more stock.
If my memory serves correctly this stock was trading as high as 25c last November. So the potential is there for it to move higher.
Shareholders like myself have been waiting quite some time for it to show some life.
Lets hope it continues. The increased volumes over the past 3 days is an encouraging start.
Cheers.
The fact that the directors invested a total of 375,000 in the...
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Last
$1.22 |
Change
-0.010(0.81%) |
Mkt cap ! $202.7M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.26 | $1.14 | $381.6K | 320.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 2171 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
-0.010 ( 5.54 %) |
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| Open | High | Low | Volume | ||
| $1.23 | $1.23 | $1.14 | 48407 | ||
| Last updated 15.52pm 03/05/2024 ? | |||||
| RAC (ASX) Chart |