RE: Omg30 Aug 2025 08:23
Keving - Quote below is direct from Nasdaq :
“ Mutual funds and other institutional investors may choose to avoid stocks priced at less than $5 per share, but there are no specific rules or laws prohibiting the practice. The next time someone tells you that a stock that has dropped will drop even further when institutions are forced to sell below $5, refer them to this article. Though the average Joe may face a few hurdles when buying or selling stocks under $5, there is no meaningful institutional bias against stocks that trade for less than $5 each. In fact, thanks to the rise of index funds, there are perhaps more funds that are required by their mandate to buy penny stocks than funds that purposefully exclude them.“
Yes the share price did hit 7p but it been as high as 15p (£60)