Great question Pete. I had wondered the same.
Could be from those who were selling prior to rights issue closing ( at prices higher than $0.36 ) & who were betting they could buy it on market cheaper post the issue.
or
Patterson's could be gradually offloading the shortfall they were stuck with & doing so on market to those who have expressed a desire to buy.
or
The low price just may have attracted the attention of those who now think it is again a compelling value proposition.
or
All of the above
36c Rights Issue, page-33
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $11.37K | 98.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89603 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 113500 | 3 |
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| Last trade - 15.48pm 29/11/2024 (20 minute delay) ? |
| PEX (ASX) Chart |
