it is a shares split (rather than consolidation)
one share is split into four
you now have four times as many shares as before
your average buy is $1.40 divided by 4 = 35 cents
the reason for the share split is to provide more liquidity in the market (more shares avaiable for trading)
plus psychologically, it looks better
your $1.40 looked expensive
now your 35 cent shares look cheap
regards
Ann: Results of Meeting , page-8
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $31.53M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $389.3K | 64.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11545000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 12000184 | 2 |
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| Last trade - 15.11pm 13/11/2024 (20 minute delay) ? |
| GTI (ASX) Chart |