I guess that explains last week's raid!
I think this is a sensible move by the board. After all 3.2 billion shares for a MC of PGY is getting absurd.
But of course the downside is price movements won't have as much impact post consolidation. As long as market keeps SP above 10 cents after consolidation then no change. I wonder how market will react today. If anything PGY should have a stronger buy recommendation and be taken more seriously now.
Ann: Proposed 1 for 50 Consolidation - 13 June 2017, page-3
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $24.03M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.7¢ | $6.665K | 392.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1466775 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 57963 | 1 |
View Market Depth
| Last trade - 13.36pm 19/08/2024 (20 minute delay) ? |
| PGY (ASX) Chart |