A fundamental problem for Focus Mineral in terms of attracting Institutional Investors is obviously the low nominal shareprice in the single digit cents range. What Focus' Board also need to think about, over and above increasing the resource base, is a share consolidation. GPT just did this 4 weeks ago in order to improve liquidity and weed out undesirable speculators. (I think Extracts' new CEO did the same some years ago.)
consolidation of shares
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Last
13.0¢ |
Change
0.010(8.33%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $29.10K | 230.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7417 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 4065 | 1 |
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| Last trade - 11.48am 05/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |