"People trade monetary values, not volumes of shares!!!"
I disagree vendor
Take TOX as an example ... Zillions of shares on issue! The moment they had a share consolidation the share trading dynamics began to change! Prior to that it was a day-traders toy-thing! Frustratingly for serious investors it just went nowhere. Post consolidation, the day-traders moved on to more liquid stocks & TOX hasn’t looked back. Serious investors began to buy a serious player in their sector with the shares trading at a serious price.
The same happened to CGF, insto's became more serious about buying in and away it went.
Will the same happen to DYL? Who knows, but with over a billion shares on offer, a 4:1 consolidation would make it more interesting to instos, and less attractive & vulnerable to traders & players. Certainly it would be taken more seriously by the Nth American market who rate anything under $2 as a penny spec
Cheers
canadian listing , page-8
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Last
$1.08 |
Change
-0.010(0.92%) |
Mkt cap ! $1.042B | |||
| Open | High | Low | Value | Volume |
| $1.11 | $1.11 | $1.07 | $2.069M | 1.907M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4619 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 4630 | 1 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| DYL (ASX) Chart |