"why does market cap increase by $15 m from $50k, but drops when Fuji injects $3m?"
It makes no sense if you believe in efficient market theory. (ie the belief that all the information available about CYP being reflected in the price, and the price only changes when there is new information.) I don't believe in fairies either...
Yesterday's bounce probably had more to do with what has happened in previous weeks and the stock being oversold.
"why does market cap increase by $15 m from $50k, but drops when...
Add CYP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.21M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.5¢ | 22.0¢ | $14.22K | 63.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30215 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 20393 | 2 |
View Market Depth
| Last trade - 14.56pm 08/05/2024 (20 minute delay) ? |
|
|||||
|
Last
22.5¢ |
Change
0.000 ( 4.26 %) |
||||
| Open | High | Low | Volume | ||
| 23.0¢ | 23.0¢ | 22.5¢ | 2600 | ||
| Last updated 14.34pm 08/05/2024 ? | |||||
| CYP (ASX) Chart |