No, it's the market realising that money/cash is better off being invested in either (already) profit making companies or deposit accounts - Mostly the latter I would imagine atm.
Any ASX listed companies that aren't already paying, and won't continue to pay, at least 5% yield, are going to see their MC decimated until interest rates plummet. The RBA hasn't finished raising rates here.
You are going to see hundreds, if not thousands of ASX low & mid cap stocks, that rely on the market for liquidity, disappear over the next 18 months imo.
The blood letting is only just beginning..
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.81M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $62.28K | 5.662M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 8523779 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 3300718 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 8373779 | 0.010 |
28 | 11936279 | 0.009 |
15 | 8239820 | 0.008 |
5 | 2322000 | 0.007 |
3 | 485000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 3300718 | 3 |
0.012 | 9173412 | 11 |
0.013 | 9267216 | 7 |
0.014 | 4161325 | 6 |
0.015 | 2087178 | 6 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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