"why does market cap increase by $15 m from $50k, but drops when Fuji injects $3m?"
It makes no sense if you believe in efficient market theory. (ie the belief that all the information available about CYP being reflected in the price, and the price only changes when there is new information.) I don't believe in fairies either...
Yesterday's bounce probably had more to do with what has happened in previous weeks and the stock being oversold.
"why does market cap increase by $15 m from $50k, but drops when...
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Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $43.11M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.5¢ | $14.74K | 61.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 96221 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
24.0¢ |
Change
0.005 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| 23.5¢ | 24.0¢ | 23.5¢ | 6875 | ||
| Last updated 10.47am 03/05/2024 ? | |||||
| CYP (ASX) Chart |