Read the submission to the ASX.
"The trading halt is requested until the commencement of trading on Monday 25 March 2019 orupon the release by the Company of a further announcement to the market regarding a capitalraising"
They are seeking more money, and diluting shareholding. The capital raise should in all theory force the shareprice to decrease by the % as it is diluted (as a minimum). That said it also depends on what the capital is being used for. If it is to for example acquire another business that accretively increases the EPS, then the capital raise may result in a share price rise.
However 9 times out of 10 these things end up with the share price falling as previously described. Good luck to all holders - appears some rocky roads ahead.
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Last
5.9¢ |
Change
-0.002(3.28%) |
Mkt cap ! $17.19M |
Open | High | Low | Value | Volume |
6.1¢ | 6.1¢ | 5.8¢ | $30.89K | 521.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 72499 | 5.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.3¢ | 110000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46875 | 0.064 |
1 | 8000 | 0.063 |
1 | 1 | 0.060 |
1 | 200000 | 0.057 |
1 | 25000 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 100000 | 1 |
0.077 | 61000 | 1 |
0.078 | 69633 | 2 |
0.080 | 100000 | 1 |
0.082 | 172047 | 1 |
Last trade - 15.22pm 22/11/2024 (20 minute delay) ? |
DXN (ASX) Chart |