I'd look at the management rather than the number of shares on issue as the causal factor of declining value. If TOE cant find a way to generate income or realise surplus capital then capital raise is a fact of life sadly.
News: TOE Toro Energy Seeks Trading Halt, page-11
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Last
26.5¢ |
Change
-0.010(3.64%) |
Mkt cap ! $32.47M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 26.0¢ | $32.51K | 122.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80130 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 100085 | 1 |
View Market Depth
| Last trade - 15.55pm 15/08/2024 (20 minute delay) ? |
| TOE (ASX) Chart |