RE: 17 billion shares4 Feb 2026 18:14
Hi @cozyp999 yes theres a lot of shares in issue so it would need significant buying pressure to move this well north, though mm's do seem to keep this flowing nicely when volume is on the up, but unfortunately it is known for its sudden reversals like pretty much the following day - and i think to elaborate on what Medjed said aswell, it will need a good contract for any concrete uprise in the sp. Yes, the company can reduce the amount of outstanding shares by performing a share consolidation so the number of shares reduces but the actual SP rises - this makes absolutely no difference to the monetary value though. If you had £100 worth of shares pre consol it will remain £100 post consol for example, so the value of your investment stays the same. However, from what ive seen in other companies & shares, consolidations don't always go down so well at least to begin with anyway. MC is what matters most as that is what the market is valuing the company at. As with AIM and many tiny caps like this, high risk v high reward.