50% more shares means the share price should drop by one third if market cap stays the same, but instead it has risen today - suppose driven by interest in participating in the bonus issue, but post bonus issue I would expect it to drop - unless there is a re-rating.
Any other ideas out there ?
50% more shares means the share price should drop by one third...
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Last
1.5¢ |
Change
-0.003(16.7%) |
Mkt cap ! $40.54M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.4¢ | $526.5K | 33.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2858030 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 832351 | 2 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| JRV (ASX) Chart |