I don't think BRL will get that many shares below 14 cents or so.
Daily average trading volumes over the last 1 year have been around 1.4 million shares max. So if someone was to start buying even 1 million shares a day...the share price will very quickly react and move higher. The rule of thumb is that to buy 1 share, at least 4 shares need to trade. So if you assume 1 million shares buying, 4 million shares means that 3 days worth of shares will have to trade every day.
As for the bulk of the shares, they are locked up in Singapore. I can't see those shares coming out anytime soon, at least at such uber low prices.
Any sustained buying by BRL will drive the share price back at least above 15 cents, IMHO. Even at 15 cents, it will be down for the year...so it ain't saying much for BRL.
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Last
70.0¢ |
Change
-0.025(3.45%) |
Mkt cap ! $133.9M |
Open | High | Low | Value | Volume |
71.0¢ | 73.0¢ | 70.0¢ | $14.55K | 20.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52 | 70.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
73.0¢ | 24314 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52 | 0.705 |
1 | 1809 | 0.700 |
1 | 1435 | 0.695 |
1 | 4379 | 0.685 |
1 | 30 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.730 | 24314 | 1 |
0.755 | 30000 | 1 |
0.780 | 2200 | 1 |
0.800 | 43612 | 4 |
0.815 | 6538 | 1 |
Last trade - 15.06pm 01/11/2024 (20 minute delay) ? |
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