I am a bit confused with the latest trading prices actually.
Last price prior to this announcement MCP traded at was $2.23. Taking this price and adjusting for the new issue of 1:3, the adjusted priced is about $1.92. Yet the market is currently trading around $1.00 - $1.10.
The market appears to be treating the SP extremely harshly and am wondering whether the movement is grossly distorted due to the quietness of the market.
Anyway, would not be surprised to see MCP trade back up to (at least) $1.40 or so once people have a chance to fully digest the situation.
Hope so as I bought some at $1.00!!
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 (20min delay)
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Last
30.0¢ |
Change
-0.010(3.23%) |
Mkt cap ! $43.18M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.5¢ | $5.188K | 17.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 104504 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 14646 | 1 |
View Market Depth
| Last trade - 11.58am 07/08/2025 (20 minute delay) ? |
| MCP (ASX) Chart |