If a company has 1,000,000 shares issued, and is worth $1 per share, the market cap is $1,000,000.
Let's say that you own 10,000 shares or $10,000. You expect it to go to $10 per share, for a profit of 90K ($100K total)
They consolidate at a 10:1 ratio. The company now has only 100,000 shares, you have 1,000, but each is now valued at $10 instead of $1. Still a 1M market cap. Nothing changed except the number of shares.
If the price went from $1 to $10 before consolidation, that'd put it at a market cap of 10M. A 1000% gain.
If it went to the same 10M market cap AFTER consolidation, it'd be going from $10 to $100 per share. A 1000% gain.
In both instances, the price has risen 10 fold and ended up at the same market cap. Nothing changes except the number of shares on issue.
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Mkt cap ! $29.47M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $18.84K | 3.875M |
Buyers (Bids)
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59 | 23407711 | 0.4¢ |
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44 | 36692469 | 0.003 |
12 | 29550125 | 0.002 |
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0 | 0 | 0.000 |
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0.006 | 11964832 | 39 |
0.007 | 9077721 | 14 |
0.008 | 14041771 | 7 |
0.009 | 6220049 | 9 |
Last trade - 14.51pm 30/04/2024 (20 minute delay) ? |
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