Camma,
It will reduce the spread - when the shares are trading around the 10-15c range the increment for bids is .5c - that is 5%.
Post consolidation the increment will be 1c and the shareprice around $1 - which is a minimum spread of 1%.
The result should be more liquidity in the shares.
It is also probably a bit of "brand positioning" to distinguish NDO from junior juniors.
p1000
share consolidation, page-2
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Last
85.0¢ |
Change
-0.035(3.95%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 88.0¢ | 85.0¢ | $8.991K | 10.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8520 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 1505 | 1 |
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| Last trade - 11.48am 02/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |