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
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $3.308M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $423.4K | 210.5M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 36776483 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 14618049 | 27 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
0.3¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.2¢ | 124828572 | ||
| Last updated 15.43pm 24/05/2024 ? | |||||
| NRZ (ASX) Chart |