At last, punters realised that RFX values itself at about 10c/share.
Fact is, RFX traded ex-entitlement since Monday, 30 April. No share bought this week bestows the right to 20% additional 10c shares. Therefore, today's big drop is inexplicable, unless the volume suggests another announcement is around the corner. This morning's Appendix 3B is unlikely "it" because the 75M new shares aere public knowledge for a few weeks now.
IMHO, the most logical explanation for the recent higher trading range is: Someone wanted out and "organised" a quick lift.
At last, punters realised that RFX values itself at about...
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 (20min delay)
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.26M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $23.84K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 45836 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 103343 | 4 |
View Market Depth
| Last trade - 10.59am 07/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
0.000 ( 4.45 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.5¢ | 14250 | ||
| Last updated 10.07am 07/05/2024 ? | |||||
| RFX (ASX) Chart |