GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Final Shipment of Smelting Furnace Equipment Departs Durban, page-26

  1. 847 Posts.
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    A significant and sustained increase in volume is required to push the price higher not wishful thinking. From recollection the floating supply of stock is around 60% which equates to approx 1.56 billion shares in public hands at current price this equates to $15.6 million . Current average volume is only a fraction of this which allows the price to be manipulated and capped at the 1c mark. Dummy bids are just temporary price props to create an illusion of stability. Once trade volumes increase relative to a factor of 10% of floating stock that will be the catalyst for higher prices.
    Last edited by teerak: 06/07/18
 
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