You're confusing cause and effect with an observation - consolidation doesn't cause companies to perform worse after them - they in fact have zero impact as is just window dressing as the market cap remains unchanged. What they can indicate is a company that could be in trouble already has they have issued so many shares in multiple CRs to keep afloat or their SP has crashed and they want it to appear psychologically 'better' with a higher number.
You're confusing cause and effect with an observation -...
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Last
35.0¢ |
Change
-0.005(1.41%) |
Mkt cap ! $42.09M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 33.0¢ | $87.99K | 254.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 109816 | 4 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
34.0¢ |
Change
-0.005 ( 4.23 %) |
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| Open | High | Low | Volume | ||
| 35.0¢ | 35.0¢ | 33.0¢ | 48670 | ||
| Last updated 15.56pm 31/05/2024 ? | |||||
| TOE (ASX) Chart |