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($) | Vol. | No. |
---|---|---|
0.6¢ | 2085339 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1640161 | 0.005 |
9 | 3404194 | 0.004 |
13 | 19206780 | 0.003 |
4 | 4399980 | 0.002 |
3 | 6199950 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 2085339 | 5 |
0.007 | 1447760 | 5 |
0.008 | 1450000 | 3 |
0.009 | 1033282 | 3 |
0.011 | 350000 | 1 |
Last trade - 12.28pm 01/11/2024 (20 minute delay) ? |
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ICG (ASX) Chart |