If HAW did a 2:1 split, the sp would halve, or should, as the company is still 'worth' the same. If, on the other hand, they did a 1:1 cap raising, the sp would prob stay the same, as they would then have $28m extra funding to develop, drill, buy whatever, even though the shares on issue has doubled. I own OZL, who are doing a 10:1 share consolidation. This will mean their sp will go from $1.40 to $14. People were saying that a higher sp would give them more cred, which I don't really believe. Obvoiusly mc= sp x shares on issue. The value of the company is the market cap. Penny hopefuls tend to be more volatile as a .001c ^ in sp may be 10% or more, and thus is why I believe they are often manipulated by big traders for a quick $. The classic pump and dump. Which leads everyone else to think something must be going on, i.e leaked results of drilling. Unsure if that helps. Is just my basic understanding of it. Sure others could explain it better. Cheers
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Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.10M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 6.0¢ | $2.7K | 45K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41631 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 15294 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41631 | 0.060 |
1 | 30175 | 0.058 |
1 | 18867 | 0.053 |
1 | 11001 | 0.045 |
1 | 31281 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 15294 | 1 |
0.070 | 15105 | 2 |
0.077 | 7617 | 1 |
0.079 | 7615 | 1 |
0.080 | 52797 | 1 |
Last trade - 14.24pm 12/07/2024 (20 minute delay) ? |
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