No. It does not work like that.
What it means is that is the MC target and the market will work its way to its target. How long it takes depends on many factors including how many institutions start buying in, how fast they want to build their positions, how big they want their holdings to be, plus general market sentiments,....but it will get there.
ABSOLUTELY COMPELLING ECONOMICS, page-352
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.34M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $10.12K | 482.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1272408 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 730691 | 6 |
View Market Depth
| Last trade - 15.46pm 08/08/2024 (20 minute delay) ? |
| HIO (ASX) Chart |