50 cents equals 3.5 billion market cap so yeah the shares are holding the price back. It's not worth 3.5 billion and the market dumped back to 2.6 billion after the merger, because 50 cents was and is overvalued.
Ann: Quarterly Activities Report, page-34
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $2.040B | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 29.3¢ | $10.78M | 35.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 262175 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 215007 | 9 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |