The reason for the consolidation is often important:
When penny stocks keep issuing and raising, then consolidating as they burn the $$, they often get a bad name and the consolidation can be a cause for a further downgrading. End result, lower market cap.
Some companies with a decent market cap and good prospectives, but for various reasons a large number of shares outstanding, want to move their SP into a band where they are not seen as a penny stock. End result, market cap trending upwards.
Lithium Related News, page-69
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Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $5.966K | 2.254M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 183 | 218436693 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.3¢ | 60005385 | 21 |
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| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
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| Last updated 15.59pm 13/06/2024 ? | |||||
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