I've got MGT on my watchlist and was surprised this morning when I saw the price jumped 4,000%. I thought to myself - "have they discovered Dilithium crystal instead while looking for iron ore???"
It turned out the explanation is simple - consolidation of share, 50 to 1. The SP is trading @ 0.63, so that means the holder has lost around 25% of their money in this process. Is this a smart move from the management?
Ann: Consolidation/Split - MGT, page-77
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Add MGT (ASX) to my watchlist
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $21.33M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $14.97K | 83.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90014 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 30666 | 2 |
View Market Depth
| Last trade - 15.42pm 04/10/2024 (20 minute delay) ? |
| MGT (ASX) Chart |