Heaps of selling pressure keeps knocking the price down lower. The latest capital raising (large number of shares issued at 32c) has really destroyed any short term share price appreciation IMO. If they had of raised at a higher price, this could have been much different as investors would have viewed that as a major sign of confidence.
Even still, it's surprising to see so much selling before the upgraded feasibility study is released later this month. I don't get it but the market does what the market does, which is to provide opportunities for the brave and astute investor. Good opportunity now to purchase at the capital raising price as the potential reward far outweighs the risks in my opinion.
Selling
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Last
$1.61 |
Change
0.000(0.00%) |
Mkt cap ! $1.654B | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.64 | $1.59 | $3.399M | 2.113M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5508 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 126757 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WAF (ASX) Chart |