No mate. 0.001 is as low as she can go.
The issue then becomes a consolidation, because if you consolidate, you then create a new gap between the floor and ceiling and it can further erode wealth if the price drops POST consolidation.
You see a lot of spec stocks that trade 0.001-0.003 for months/years …. Up until the point the share base becomes absurd and they need to raise more cash, so they then consolidate.
Cheyne
Ann: Update on status of Final Feasibility Study, page-41
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $24.73M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.7¢ | 1.2¢ | $325.2K | 22.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 69000 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 100000 | 1 |
View Market Depth
| Last trade - 14.00pm 14/06/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
-0.001 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.7¢ | 1.3¢ | 21022980 | ||
| Last updated 13.48pm 14/06/2024 ? | |||||
| NRZ (ASX) Chart |