My theory - probably totally wrong - is that it's because WaterCo will be spun off at 1:1, i.e. one share in WaterCo for 1 share in CLQ. This is how spinoffs or demergers traditionally happen. CLQ Sunrise shares would obviously be worth a lot more than WaterCo at this stage.
Consolidation means you won't see the WaterCo shares worth less than 1 cent.
Note: I made up the name WaterCo.
My theory - probably totally wrong - is that it's because...
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Last
27.0¢ |
Change
-0.020(6.90%) |
Mkt cap ! $24.36M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 27.0¢ | $7.049K | 25.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99044 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 5937 | 2 |
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| Last trade - 15.30pm 14/11/2024 (20 minute delay) ? |
| SRL (ASX) Chart |