I had some comments on the ASX price query.
Babylon Pump & Power Limited (ASX: BPP) (“the Company” or “BPP”) refers to
your query dated 2 January 2024 regarding (i) the change in the price of BPP’s
securities from a low of $0.05 to an intraday high of $0.06 today, and (ii) the
significant increase in the volume of BPP’s securities traded today, 2 January
2024 (“ASX Query”).
- the BPP share price did not increase from $0.05 to $0.06. It increased from $0.005 to $0.006.
- the lowest ASX stop for BPP is $0.001. Applying the lowest ASX stop takes us from $0.005 to $0.006 (+20%).
- this will likely only be rectified when BPP consolidates its shares. For example, a 100:1 consolidation would see the shares trade in the 50-60c range. I would not be surprised to see such a consolidation at the next CR.
- the ASX query also referred to the ~28m shares traded on 2Jan2024 at $0.006 for $168000. The BPP explanation for this trading volume appears reasonable. We should also remember that ~74.6m BPP shares were released from escrow on 4Aug2023. These shares formed part of the consideration for a BPP acquisition in 2022.
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I had some comments on the ASX price query.Babylon Pump & Power...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $64.96K | 12.99M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 8973729 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2907278 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 8973729 | 0.004 |
8 | 8685009 | 0.003 |
4 | 13545024 | 0.002 |
4 | 37100999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2907278 | 2 |
0.006 | 5212352 | 6 |
0.007 | 10208833 | 9 |
0.008 | 5348799 | 3 |
0.009 | 62500 | 1 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
0.5¢ |
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Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
0.5¢ | 0.5¢ | 0.5¢ | 6996822 | ||
Last updated 15.52pm 21/05/2024 ? |
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