I'd look at the management rather than the number of shares on issue as the causal factor of declining value. If TOE cant find a way to generate income or realise surplus capital then capital raise is a fact of life sadly.
News: TOE Toro Energy Seeks Trading Halt, page-11
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Last
23.5¢ |
Change
-0.030(11.3%) |
Mkt cap ! $28.26M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 23.5¢ | $89.25K | 362.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 26985 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 11000 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| TOE (ASX) Chart |