No, it's mathematically irrelevant. You'd still just be 20% in the red.
If anything, if it's a quality company like Galaxy trading in the circa 40c, all of a sudden after a 5-1 consol ($2+) and many instos and fund managers (especially International) can participate as they have set minimum price points in which they will buy at. A bit odd considering the MC does not change, but there ya go.
Lithium Related News, page-72
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $96.46K | 38.40M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 188 | 241355697 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 74148286 | 33 |
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| Last trade - 13.24pm 15/05/2024 (20 minute delay) ? |
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Last
0.3¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 3327515 | ||
| Last updated 12.52pm 15/05/2024 ? | |||||
| LPD (ASX) Chart |