Let's look at what actually happened today!
When it went into a trading halt at $0.029, the company was worth $85.6m.
Today it closed at $0.025 after increasing the shares issued by 32%, valuing the company at $97.4m.
That is an increase of 14% in the value of the company today.
For the value to remain the same after the issue as before, it should have closed today at $0.022.
Conclusion: this capital raising has (so far) been very favourably received by the market.
TOE Valuation
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 (20min delay)
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Last
44.0¢ |
Change
-0.025(5.38%) |
Mkt cap ! $54.12M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 46.0¢ | 43.8¢ | $65.05K | 146.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 9463 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 5327 | 4 |
View Market Depth
| Last trade - 14.44pm 13/05/2024 (20 minute delay) ? |
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Last
44.5¢ |
Change
-0.025 ( 2.15 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 46.0¢ | 44.0¢ | 75918 | ||
| Last updated 14.44pm 13/05/2024 ? | |||||
| TOE (ASX) Chart |