ICG 0.00% 0.5¢ inca minerals limited

Ann: Update - Consolidation/Split - ICG, page-27

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  1. 2,115 Posts.
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    There's more than one way of looking at this.
    If I'm interesting in buying a load of ICG on market when trading at 0.002/0.003 and pay 0.003, then if the market drops to 0.001/0.002 , then if I paid 0.003 and now the market is 0.002 then I'm automatically down 30%. If it was 0.003/0.004 scenario I could be down 25%/50% in the blink of an eye.
    If the price was 0.059 / 0.060 it's more likely to trade around those levels. I might feel more confident to purchase at those levels knowing it was going up and down pips that weren't actually 30% or 25% of my total investment for every pip.
    It might mean more people would be interested in entering the stock and boosting the price if this wasn't the case.

    I think ICG have some great prospects. I also suspect that a consolidation followed by announcements and a CR at some post consolidation price may be the way to unlock that potential.
    All IMHO.
 
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Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $4.078M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $539 107.8K

Buyers (Bids)

No. Vol. Price($)
4 1640161 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 2085339 5
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Last trade - 12.28pm 01/11/2024 (20 minute delay) ?
ICG (ASX) Chart
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