"If Rox had 1 B shares the SP would be 11.3 centsThe market cap or value of the co would be the same.The MC is $114 mIts the MC that is important not the no of shares that make up the MCIs Rox worth $114m?If no then don't buy in.Up to you"
... you really haven't been trading long have you ...
... from a punters interest the more shares on issue the more your existing position is diluted and the harder it maybe for a share-price to move higher ...
... if Rox had had 2 billion on issue when pushing up from 0.010 .... probably would have only touched 0.040 [not hit 0.090 or 0.080] ..... it gets harder for the share-price to move higher .... but the MC technically is the same .... and Rox are not BHP or FMG ...
... To make it 'clown friendly' @ so your Rocket gets smaller every-time more shares are issued, but the rocket maybe worth the same [not for long], just gives you less performance ....
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $59.05M |
Open | High | Low | Value | Volume |
14.0¢ | 14.5¢ | 14.0¢ | $19.67K | 136.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 153085 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 463750 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 153085 | 0.140 |
6 | 155810 | 0.135 |
8 | 873363 | 0.130 |
8 | 630480 | 0.125 |
7 | 1303910 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 463750 | 6 |
0.155 | 12916 | 2 |
0.160 | 121774 | 2 |
0.165 | 12000 | 1 |
0.170 | 145647 | 3 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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RXL (ASX) Chart |