There simply wasn't a need to. This is a consolidation,not a credit raise! At 1.5c there was fluidity with trading. At 0.2c there isnt. A price movement from 0.2c to 0.3c is 50%! A similar movement from 1.5c to 1.51c is almost negligible at 0.67% and cant be played like a 50% cycle can at the minimum share price indice can. Or a 33% cycle at 0.002 to 0.003. Or 25% cycle at 0.003 to 0.004c.
This consolidation with return RR1 back to a normalised trading pattern and is marvellous news!
Ann: Consolidation/Split - RR1, page-5
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Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $14.86M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.7¢ | 1.5¢ | $8.133K | 507.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1431287 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 447078 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RR1 (ASX) Chart |