PEN peninsula energy limited
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Ann: Consolidation/Split - PEN, page-30

  1. YogaDouche
    72 Posts.
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    18/10/24
    17:11
    Post #: 76193200
    Excuse my ignorance or non-experience, but isn't a consolidation / reverse split a 'good' thing for the Stock Price?
    From my understanding the number of stocks decreases, the stock price increases, thus becoming 'more expensive' to buy and therefore to day trade.
    Or am I missing something here?
    PEN Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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