This post has received the same upvotes as other shitposts, but deserves much more.
Yes, the market cap is important in valuing companies.
Unfortunately, market structure and perception is everything.
They are only doing this for the North American market.
And the North American market is focused on PRICE levels.
For them, a "penny stock" is a shitco.
https://www.investopedia.com/ask/answers/09/stock-delist.asp#:~:text=For%20example%2C%20on%20the%20New,'%20equity%2C%20and%20revenue%20outputs.
Ann: Consolidation/Split - PDN, page-44
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Last
$17.80 |
Change
0.320(1.83%) |
Mkt cap ! $5.312B | |||
| Open | High | Low | Value | Volume |
| $17.58 | $17.89 | $17.49 | $28.28M | 1.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2307 | $17.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.81 | 10992 | 2 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$17.81 |
Change
0.320 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| $17.58 | $17.88 | $17.49 | 452271 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| PDN (ASX) Chart |