So, why would a company raise money and then give it back in a buyback ? I can see why if they had cashflow and were making a profit, but a buyback for a company that only spends money seems totally pointless. If they return the money to shareholders what are they going to spend ?
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $35.62M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.0¢ | 5.9¢ | $22.04K | 367.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 216037 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 169489 | 4 |
View Market Depth
| Last trade - 11.41am 28/07/2025 (20 minute delay) ? |
| NXM (ASX) Chart |