Its not a hard and fast rule as far as I can tell, just how I took the companies own comments: to paraphrase, we are consolidating to meet institutional investor expectations.
FMG did a 1 to 10 share split after they were in production to increase liquidity. They had already been funded into production by that point.
They went from 300 million to 3 billion SOI after the split.
Don't know about PLS.
Its not a hard and fast rule as far as I can tell, just how I...
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $26.57M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 28.0¢ | 27.0¢ | $8.075K | 29.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9259 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 7020 | 1 |
View Market Depth
| Last trade - 15.00pm 02/05/2024 (20 minute delay) ? |
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Last
26.5¢ |
Change
-0.010 ( 3.64 %) |
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| Open | High | Low | Volume | ||
| 27.0¢ | 27.5¢ | 26.5¢ | 13821 | ||
| Last updated 15.00pm 02/05/2024 ? | |||||
| MGT (ASX) Chart |