oztia, for my two cents, it depends on how much is raised as to what the price will do. As well as what the money will be used for! The stock will now be 'diluted' and could easily go to the raising price. I very much doubt it will go up in the short term.
Take a look at other stocks which have raised funds and see what its done to their stock price. Ones that come to mind are USN, BOM, KGL, CYU, HRL, BSR, SIV, SLX. There are plenty more.
good luck!
trading halt..., page-37
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Last
44.0¢ |
Change
0.035(8.64%) |
Mkt cap ! $31.55M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 45.0¢ | 41.0¢ | $201.1K | 468.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9127 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| QHL (ASX) Chart |