Even a big deal will not move the needle significantly. Even in the last 12 months the overhang from shares issued will be a handbrake.
April 2018: 80m shares
March 2018: 82m shares
Dec 2017: 9.8m options
Nov 2017: 65m shares and 35m options
April 2017: 80m shares
So, 307m shares issued in that period. 1.32B shares on issue.
Nearly everyone is out of the money. So if SP reaches 1.5c, 1.8c, 2c or more there will be huge selling pressure.
Even 3c is a $40m MC. Can't see that happening even with $2m in sales announced.
Even a big deal will not move the needle significantly. Even in...
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Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.67M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 5.0¢ | $35.54K | 710.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2840 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 19000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
5.0¢ |
Change
0.000 ( 2.04 %) |
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| Open | High | Low | Volume | ||
| 5.0¢ | 5.0¢ | 5.0¢ | 12000 | ||
| Last updated 11.10am 26/04/2024 ? | |||||
| NOR (ASX) Chart |