It might be a good idea to think about the reasons for this explosive change in SP development, because IMCO it is neither the ASX300 inclusion nor the incitement of receiving free shares in M260 - there has to be something more substantial than that!
IMO the upcoming ASX300 inclusion wouldn't trigger such a super exponential move, because the increased volume today would be explained by that. Neither would IMO the offering of free shares in M260 entice any institution to by shares at $1.30 plus, when they could by them at a lower price once listed. Free shares yes, but really I can't believe that to be the reason.
So do see institutions any reason to buy LTR shares at these price levels just for the value each share represents or should I say will represent in the not to distant future?
What might be the reason for explosive SP increase?
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Last
87.5¢ |
Change
0.035(4.17%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 89.5¢ | 84.5¢ | $14.42M | 16.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 112120 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 79469 | 3 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |