MLA 0.00% 8.5¢ medical australia limited

The problem in looking a day to day (or even week-to-week)...

  1. 101 Posts.
    The problem in looking a day to day (or even week-to-week) changes for MLA is that volumes are so low that (based on reported market depth) a single buyer with $100k could take the SP up to about 45c, or a single seller with $100k in stock could take the SP down to below 20c. The bid-offer range is often so broad that it's 10% or more of the SP, meaning that single trades, even tiny ones, can change the reported SP by 10% or more.

    The bid price is currently 30c, so a purchase of ONE share just before close would have made today a 10% drop in SP instead of an 11% rise. It's bizarre that a single tiny sale can move the Market Cap by 20% - $7M - but that seems to be the way it is.

    On these volumes I've given up taking any notice of the daily or weekly changes, but (as a holder) I'm expecting(hoping for) higher SP at much higher volume in the not-too-distant future.
 
watchlist Created with Sketch. Add MLA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.