Unfortunately you’re simply demonstrating the classic retail investor mentality of being sucked in by the apparent ‘cheapness’ of a share price, without realising it is market cap that determines if a company is either cheap or expensive.
If you honestly think the recent SP action is a reflection of consolidation, not the wider flux in the uranium market, then you can’t have been following the uranium market machinations much.
Share consolidations are such a simple concept, based on such rudimentary arithmetic, it blows my mind that people risk their money on the sharemarket without understanding such basic fundamentals.
Ann: Update - Consolidation/Split - BOE, page-130
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Last
$2.45 |
Change
-0.100(3.92%) |
Mkt cap ! $1.003B | |||
| Open | High | Low | Value | Volume |
| $2.51 | $2.52 | $2.44 | $6.282M | 2.539M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15844 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 8548 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BOE (ASX) Chart |