No, it's the market realising that money/cash is better off being invested in either (already) profit making companies or deposit accounts - Mostly the latter I would imagine atm.
Any ASX listed companies that aren't already paying, and won't continue to pay, at least 5% yield, are going to see their MC decimated until interest rates plummet. The RBA hasn't finished raising rates here.
You are going to see hundreds, if not thousands of ASX low & mid cap stocks, that rely on the market for liquidity, disappear over the next 18 months imo.
The blood letting is only just beginning..
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1.1¢ |
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Mkt cap ! $51.81M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $26.30K | 2.391M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
45 | 16729834 | 1.0¢ |
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Price($) | Vol. | No. |
---|---|---|
1.1¢ | 112603 | 1 |
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45 | 16729834 | 0.010 |
28 | 10893900 | 0.009 |
13 | 5922820 | 0.008 |
4 | 2250000 | 0.007 |
3 | 2525000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 112603 | 1 |
0.012 | 12879420 | 18 |
0.013 | 8613125 | 9 |
0.014 | 3785505 | 7 |
0.015 | 3917599 | 7 |
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