The other point re $1.00 - if it continues to push north of here and towards $1.00, it will also likely be included in the ASX200 index at next rebalance date, which in itself creates a new level of demand for the stock by the index funds.
There are currently 13 stocks in the ASX200 with a market cap of $900m or lower. MGX at $0.75 would have a market cap > $900m.
Ship tracking thread - only. Reading is optional, page-22
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Last
34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $414.2M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 34.0¢ | $76.93K | 225.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 283474 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 65545 | 4 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |