Contrary to popular or not so popular belief a consolidation is not always a bad thing. Yeah if the company is in complete free fall then it can give it the opportunity to drop lower which is not good.
But when there are some potential upsides and good cash on hand then it also gives confidence to some investors that there are less shares on issue.
Lack of news or more bad news will see this drop just like any other share, but on the other hand wait it out and get some good news then there should be gains. Just my opinion not financial advice and if you could see my share portfolio right now you would not listen to a word i say..
Ann: Response to ASX Price and Volume Query, page-21
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.99M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $10.80K | 672.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1616665 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 456534 | 2 |
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| Last trade - 15.56pm 27/06/2024 (20 minute delay) ? |
| RR1 (ASX) Chart |