Why wouldn't it be over subscribed. Trading at $2.8 placed at $2.30 who wouldn't buy them!
Typical of Petra, an easy cap raising and an easy $1m for them.
The company could have got a much better price if they tried for the benefit of existing shareholder.
As for their pathetic desperate attempt to get the price up with a crap rehash announcement, it seems to me like manipulation by the company to get the price up while placing at a much lower level....could this be!
On the bright side, having a good understanding of broking houses and their brokers this would have been sold on the back of pending news. Hopefully, it will be soon!
Ann: Oversubscribed placement raises $20.9m, page-4
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Last
$1.27 |
Change
-0.025(1.93%) |
Mkt cap ! $271.0M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.31 | $1.27 | $117.3K | 91.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10180 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 1371 | 2 |
View Market Depth
| Last trade - 10.19am 08/11/2024 (20 minute delay) ? |
| EOS (ASX) Chart |
