How is that a positive example of consolidation, prior to the consolidation BOE were trading at 35 cents, they did an 8 to 1 consolidation, which should equal a share price of $2.80.
A week after consolidation they were trading $2.03. Thats a 27.5% drop directly after. Even today they are trading 2.67, still not at the price they were at pre consolidation almost a year after the consolidation.
If this is the positive example, (a 27% drop in share price and then a year long wait to not even get back to prices we are seeing today) I would hate to see the negative example for MGT.
Do not think todays announcement is one bit positive, hence the sell off, would love to be wrong as I do hold and want to get out above 2, but there is a reason we closed at the lowest prices we have seen in about 2 years with one of the biggest volume days of dumping we have seen.
How is that a positive example of consolidation, prior to the...
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Last
19.0¢ |
Change
0.010(5.56%) |
Mkt cap ! $19.44M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 19.0¢ | 18.0¢ | $16.18K | 85.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45000 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 60357 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |