Most institutional investors have minimum market cap sizes, they simply can’t deploy capital in the spec end. Some can only pile in when it hits an index i.e. 200/300 - they’re limited by their own compliance rules. Some smaller ones like Thematica can play down this end. However I suspect Galan’s general lack of liquidity held them back regardless of market cap size, it has always been too thinly traded.
Ann: $19.5m Raising to Fund Ongoing Development of HMW Phase 1, page-91
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.89M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $80.30K | 554.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 114339 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 271348 | 8 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| GLN (ASX) Chart |