Imo the share consolidation could in part be to prepare for US dual (or even primary) listing. Any company in the US that trades below $5 is considered a penny stock there and they will likely want clear of that stigma to commence US trade.
1:20 here at the moment at 28c is an ~AU$5.80 stock. If in just under three months they can give enough market confidence to get this up to ~39c at current exchange rates, it’s a AU$7.80, which then sits above the US$5 mark.
IS SHARE CONSOLIDATION SIGNALLING SOME THING BIG?, page-19
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Last
$5.03 |
Change
-0.170(3.27%) |
Mkt cap ! $408.6M | |||
| Open | High | Low | Value | Volume |
| $5.20 | $5.21 | $5.03 | $2.804M | 555.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14654 | $5.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.14 | 3111 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MYX (ASX) Chart |