They don't go to zero because they have cash and go into 'care and maintenance' mode. It's never in a board's interest to delist as it means no future salaries. There are at least 100 such zombie companies on the ASX today! I believe they are called 'shells'.It's just market cycles and the way the markets works.
But hey...what would I know? Listen to the spruikers that said 'keep buying' all the way down.
AVL Chart, page-2927
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.4M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $19.32K | 1.233M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 31134484 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 10443280 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 3787523 | 0.018 |
8 | 2387728 | 0.017 |
8 | 2791875 | 0.016 |
11 | 2263500 | 0.015 |
2 | 500000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 862281 | 2 |
0.020 | 404607 | 6 |
0.021 | 598625 | 6 |
0.022 | 1380000 | 5 |
0.023 | 2654010 | 7 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
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