A larger amount of shares does not increase liquidity. Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price. If I hold $50,000 worth of CAJ shares, liquidity has to do with the ease at which I can convert that holding into cash. More shares outstanding has no impact on the execution of the trade, it just relies on a ready buyer for at least $50,000 worth of CAJ shares. Makes no difference if we exchange 100 shares or 10,000 shares.
In regards to your other points, yes I agree 100%. As tamz mentions though, if they have readily available investment opportunities that have a higher rate of return than their cost of capital it will, in due course, have a positive impact on EPS.
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Last
25.5¢ |
Change
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Mkt cap ! $271.8M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 25.0¢ | $106.6K | 418.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 11980 | 25.5¢ |
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Price($) | Vol. | No. |
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26.0¢ | 264000 | 5 |
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No. | Vol. | Price($) |
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1 | 11980 | 0.255 |
6 | 302012 | 0.250 |
1 | 40000 | 0.245 |
6 | 223553 | 0.240 |
2 | 85000 | 0.235 |
Price($) | Vol. | No. |
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0.260 | 264000 | 5 |
0.265 | 154500 | 4 |
0.270 | 26635 | 3 |
0.275 | 90135 | 3 |
0.280 | 232282 | 3 |
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