What you've written I agree with from the perspective that PNV probably would have been safe if they maintained a MC around $1B in May. But now they're out of the index, the bar has been raised to get back in by quite a lot so they need to outperform the index and be seen to rank at position 179 or better. Just look at the MC of the new additions: they all have MCs >$1.5B although index calculation is based on free-float MC (so harder to get a handle on), but at least gives a guide that PNV would need to see a doubling in SP to be competitive to get back into the index.
What you've written I agree with from the perspective that PNV...
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Last
$2.34 |
Change
-0.030(1.27%) |
Mkt cap ! $1.616B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.43 | $2.32 | $5.953M | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29039 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 16702 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |