I don't believe that is correct JD. Banks can create money. To illustrate, A deposits $100 in a bank. By law the bank has to keep (i think 5% or thereabouts) in cash or RBA deposits. The other $95 they can lend out, say to B. B buys $95 of shares from C. If C puts the $95 from his share sale in the bank then the bank can do a rinse and repeat, lending out 95% of the $95 and so on
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $430.0M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $224.8K | 1.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 4263754 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1276937 | 14 |
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| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| STX (ASX) Chart |