The Cap Raise in 2022 had to be underwritten, this caused an issue with a lot of shares being sold down. There was also continued selling last year.
This most recent one barely required underwriting, with most shares going to board and LTH.
This presents a situation where liquidity is tight, with a huge portion unlikely to be traded. You can see how hard it is now to buy without pushing the price up.
Some good news now could really set this going. I imagine sellers will appear in the 4c range and all the way up as bagholders sell after recouping losses without regard for what news there is.
RentPay, page-341
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Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $11.96M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 1.9¢ | $18.75K | 927.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 632 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 18083 | 3 |
View Market Depth
| Last trade - 15.50pm 14/06/2024 (20 minute delay) ? |
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Last
2.0¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.9¢ | 2.0¢ | 1.9¢ | 141348 | ||
| Last updated 12.58pm 14/06/2024 ? | |||||
| RNT (ASX) Chart |