Stock consolidations are great if the right company does them at the right time. They bring insto money onto the share register and improve liquidity as well as being more efficient from a trading perspective. Look at Lynas. 1 for 10 consolidation in December 2017 and price reaching reaching record highs 18 months later.
They don't work if they're done by small miners who issue shares endlessly and then have to consolidate to be able to access further capital
10:1 consolidation Yay or Nay?, page-22
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.20M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $1.717K | 85.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2044249 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 504384 | 4 |
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| Last trade - 12.18pm 29/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |