LOM 3.13% 6.6¢ lucapa diamond company limited

Why on earth did they do a 5 for 1 at 2-3 cents? Surely a 10 or...

  1. 4,931 Posts.
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    Why on earth did they do a 5 for 1 at 2-3 cents? Surely a 10 or 20 to 1 would have been better.

    Now we are sitting at around the second worst price for trading liquidity - 10c. It takes 5% to get an upward tick, but only 1% to get a down tick.

    The worst price is $0.002 - 50% pips.

    Even at where we were on Friday close - $0.022 - the pips are less than 5%.
 
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(20min delay)
Last
6.6¢
Change
0.002(3.13%)
Mkt cap ! $19.14M
Open High Low Value Volume
6.2¢ 6.6¢ 6.2¢ $24.69K 392.1K

Buyers (Bids)

No. Vol. Price($)
2 35550 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.6¢ 85809 1
View Market Depth
Last trade - 16.10pm 20/06/2024 (20 minute delay) ?
LOM (ASX) Chart
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