Without consolidation IMU will struggle to rise as traders can make a good percentage gain on a small rise. For example buy at 1.4 and sell at 1.6 cents and make 1/7 of your money as gain. Sell into news and buyback on drift down. Consolidation is a way to make this less attractive.
I have had two shares undergo consolidation this year and both have risen substantially. AZY and BTR. It is not a given that consolidation leads to lower share prices. The only thing that will send share prices rising is good news. Without pip traders after consolidation there is a better chance of holding gains.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $97.07M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $298.4K | 23.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1599857 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 2241176 | 12 |
View Market Depth
| Last trade - 16.10pm 30/06/2025 (20 minute delay) ? |
| IMU (ASX) Chart |