AXM 0.00% 1.1¢ apex minerals nl

why trading $0.04 +

  1. 84 Posts.
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    What do companies do to keep share prices up? I am confused and suspicious in regards to AXM.

    The had a share offering at $0.04 with an options attached… This offering was under-subscribed…

    Immediately following the stock began trading closer to $0.05 and more recently $0.042 +.

    How given the offering was undersubscribed is the stock now trading at a premium?

    - perhaps directors high ownership gives investors some confidence but has to be more to it, they had high shareholding b4 and investors didnt take up the offer.

    Confused…

    Thanks

    AF
 
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Currently unlisted public company.

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