NASDAQ listing would not be helpful IMO.
But a consolidation would be. At 10c the stock attracts punters who are hopeful for a 2-3c move which translates to a healthy percentage gain. Good luck to them, I am not critical, those who are good at it can do very well. But as a long term holder of NEU I'd prefer them elsewhere as they perpetuate a trading dynamic that IMO inhibits appreciation of the stock. I may be wrong but my observation is that a $1 stock is likely to be less of a plaything for traders than a 10c stock.
I think a 10:1 or even a 20:1 consolidation is the way to go. Any thoughts?
Zen
NASDAQ listing would not be helpful IMO. But a consolidation...
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Last
$15.59 |
Change
0.380(2.50%) |
Mkt cap ! $1.992B | |||
| Open | High | Low | Value | Volume |
| $15.51 | $15.82 | $15.46 | $11.26M | 722.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 696 | $15.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.67 | 6942 | 8 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NEU (ASX) Chart |