If the requirement to list on the NASDAQ is (US)$5 and the current share price is approx (AUS)50c - what is likely to happen to our share price? How can TZL shares magically jump from 50c one day to $5 the next (on listing) when they are just shares in the same company?
Can someone PLEASE explain this to me. Thanks in advance.
how does a nasdaq listing work
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.901M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.6¢ | 2.3¢ | $8.665K | 343.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 270000 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 2400000 | 1 |
View Market Depth
| Last trade - 11.34am 29/05/2024 (20 minute delay) ? |
| TZL (ASX) Chart |