RED 4.23% 34.0¢ red 5 limited

Can someone explain to me why anyone cares about the SP...

  1. 927 Posts.
    Can someone explain to me why anyone cares about the SP consolidation?

    Is it just based on assumptions about human psychology.

    If a penny share goes up one cent (10%) gain would not a consolidated share of $2 rise 20 cents in the same market.

    What is this magical force that smoothes out volatility due to a higher per share price.
 
watchlist Created with Sketch. Add RED (ASX) to my watchlist
(20min delay)
Last
34.0¢
Change
-0.015(4.23%)
Mkt cap ! $2.346B
Open High Low Value Volume
35.5¢ 36.0¢ 33.8¢ $10.69M 30.96M

Buyers (Bids)

No. Vol. Price($)
73 3104406 33.5¢
 

Sellers (Offers)

Price($) Vol. No.
34.0¢ 1109548 38
View Market Depth
Last trade - 15.56pm 12/08/2024 (20 minute delay) ?
RED (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.