Consolidations make little if any difference in of themselves. However, they often come when the board thinks they are getting their ducks in a row. A consolidation is a signal to the market - either of desperation or optimism. It often takes several months to find out which, but I think we'll find out soon.
What is more impressive, is that someone dropped a $14M sale into the market a short while ago and it got gobbled up in one gulp. Didn't move the market out of the current trading range, that continues to trend higher day by day. Whoever bought those shares are no doubt expecting a big re-rate if and when finance gets sorted!
Consolidations make little if any difference in of themselves....
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $34.02K | 4.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3693178 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 4839817 | 12 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |