The capital raising at $0.37 cents was the best thing that happened for me.
I had bought in at the beginning of 2003 for around $0.30 cents but mistakenly sold around the middle of last year for $0.33 cents. before it spiked up to $0.50, missing out on most of that rally. Despairing that I had missed out I stopped following the stock. The capital raising and deceptively mediocre half year result completely deflated the share price giving me the opportunity to buy back in at $0.33, which I was surprised at. Then it just kept falling! Taking the plunge again at $0.235 seemed an obligation.
I doubt it will punch through $0.37 in the short term at least, without major news. Although that could come in the form of a positive acquisition.
It will be interesting to see if the buyers keeps following through. They've really come out of the woodwork.
All things being equal I think we might trade between $0.30 and $0.37 for the next month.
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $678.6M |
Open | High | Low | Value | Volume |
40.5¢ | 41.5¢ | 40.5¢ | $235.9K | 573.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 508554 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 63910 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 508554 | 0.410 |
2 | 35407 | 0.405 |
1 | 1250 | 0.400 |
1 | 25000 | 0.390 |
2 | 27600 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 63910 | 1 |
0.430 | 20000 | 1 |
0.435 | 55500 | 2 |
0.445 | 39924 | 2 |
0.450 | 227253 | 7 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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