50% more shares means the share price should drop by one third if market cap stays the same, but instead it has risen today - suppose driven by interest in participating in the bonus issue, but post bonus issue I would expect it to drop - unless there is a re-rating.
Any other ideas out there ?
Ann: Bonus Issue , page-3
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Last
1.5¢ |
Change
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Mkt cap ! $43.24M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.8¢ | 1.5¢ | $286.6K | 17.40M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 6415014 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 3398706 | 12 |
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