Reports today of $5m being raised at 0.42c by at least 1 media outlet...
Well the real question is how low will it go before it reverses and starts to rally again... at time of writing (9am Monday) the estimated opening price is slated to be 51.5c ... We know that there is very strong support now in the region 48-51c.. and again around the 0.42-0.43c area with enough liquidity traded to easily swallow the newly issued shares if the soph's decided to sell over the next few days ... What you can be assured of is that there is extremely strong support at and below below 0.42c region now (as this appears to be the Cap raise price) ...
Personally I think the FA on this stock is very strong and blue sky very large. Doing a search on the internet shows me the mainstream media is zeroing in on the story and so the wider public is becoming aware of it which will translate into a large group of mums and dad "investors" wanting position this week for their supper portfolio or to ST trade. So odds are we may not fall back to the Cap raise price but take a short Dip on price before a rally ensures.
https://au.news.yahoo.com/thewest/business/wa/a/25447822/ziptel-looks-to-raise-4m/
http://www.smh.com.au/business/markets/quotes/announcement/ZIP/ziptel-limited/1564340
http://www.startupdaily.com.au/2014...celerate-subscriber-acquisition-zipt-service/
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Reports today of $5m being raised at 0.42c by at least 1 media...
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $3.246M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $232 | 59.51K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 12550553 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 8071594 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 12550553 | 0.003 |
30 | 21654699 | 0.002 |
5 | 7300000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 8071594 | 15 |
0.005 | 5698139 | 11 |
0.006 | 4858340 | 8 |
0.007 | 509874 | 2 |
0.008 | 986203 | 5 |
Last trade - 12.01pm 15/07/2024 (20 minute delay) ? |
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