@slick
I had a stock a few years ago that did a 20/1 consolidation with a similar quantity of SOI like IMU. It was quite funny. There was a lag time between announcement and implementation as they held a meeting over it before hand. During that time there was a massive frenzy buy up as the shares had dropped in price substantially before the announcement.
I guess many panicked, having the belief that after the consolidation their share count would look measly in the grand scheme of things. I agree that cages will be rattled, in many ways. Unfortunately for that stock I mentioned the share price did not improve. That was simply because it was a crappy company with very poor management and there isn’t much that can fix that. IMU is very different. I would prefer it to happen after some good news, then I’m all for it.
IMUGENE CHART. TA only, page-33793
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Last
4.9¢ |
Change
0.001(2.08%) |
Mkt cap ! $364.4M |
Open | High | Low | Value | Volume |
4.8¢ | 4.9¢ | 4.8¢ | $179.8K | 3.692M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
62 | 8124186 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 3070575 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
56 | 7804777 | 0.048 |
47 | 5437350 | 0.047 |
38 | 3197542 | 0.046 |
58 | 3766545 | 0.045 |
11 | 1019564 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 2050167 | 7 |
0.050 | 5223480 | 23 |
0.051 | 4434080 | 10 |
0.052 | 2536519 | 9 |
0.053 | 1966973 | 9 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
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IMU (ASX) Chart |