imo when a share consolidation occurs it generally causes a period where the share struggles for traction to maintain the higher share price.
This is all psychological based on the share now costing more to purchase even though the m/cap of the company hasn't changed. Once it regains traction off it goes.
When the reverse happens ie a company has a share split to increase liquidity - the price usually takes off because the price is cheaper then it was before the share split and psychologically punters think on some level they are getting a bargain.
The above makes no logical sense but investors/traders are seldom logical in there decisions.
imo when a share consolidation occurs it generally causes a...
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $55.10M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 25.5¢ | $80.83K | 316.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 31359 | 2 |
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| Last trade - 15.57pm 25/06/2024 (20 minute delay) ? |
| SOM (ASX) Chart |