Very true - and also Market cap is a function of share price and shares on issue.
In fact, the thing that moves market cap is buyers and sellers deciding what price to pay for their shares. They (mostly) don't have the market cap in their mind when they are trading, just what way the share price is likely to move after the transaction.
PLS chart, page-5456
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 (20min delay)
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Last
$2.89 |
Change
0.040(1.40%) |
Mkt cap ! $8.703B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.89 | $2.78 | $29.90M | 10.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39193 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 73947 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |