True ... it's not the Market Capital - just not enough trading and liquidity.
Companies slip in and out all the time - why they have a Quarterly Rebalance.
To me it's no biggy .. not like we have seen any advantage when we first entered...Entry criteria
Criterion What is it Qualify Retain membership 1 Minimum free float The percentage of the company’s shares that are freely available for trading e.g. not held by strategic or other long-term holders 30% 15% 2 Market capitalisation Float-adjusted for “free float” (see above) $120m $80m 3 Relative liquidity The company’s stock liquidity (daily value traded over day-end float-adjusted market capitalisation) relative to the market liquidity (All Ords daily value traded over the All Ords day-end market capitalisation) averaged over the three-month qualifying period 30% 15% 4 Minimum daily volume traded Value of securities traded, median over the three-month qualifying period $250k $175k
True ... it's not the Market Capital - just not enough trading...
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Last
36.0¢ |
Change
-0.020(5.26%) |
Mkt cap ! $91.74M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.0¢ | 36.0¢ | $27.25K | 73.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40945 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| AXE (ASX) Chart |