Small Cap Price Fluctuations

[fiftyeight]

I have been looking at GRK for a while as I am interested in geothermal and other green technologies.

Why does the share price fluctuate so much between 0.001 and 0.002? I know its not that simple but it would be nice to buy at 0.001 and sell at 0.002.

Cheers

 

[McLovin]

Why does the share price fluctuate so much between 0.001 and 0.002?

It's a $1.9m company, that's why.

Good luck getting any stock, let alone enough to buy and sell.

 

[fiftyeight]

Haha I know its not that simple thats why im in the beginner's lounge.

But why cant I?

I dont get why someone would sell at 0.001 when more than likely it will be worth 0.002 tomorrow or the next day...maybe?

I just thought it would be much more stable.

 

[pixel]

I have been looking at GRK for a while as I am interested in geothermal and other green technologies.

Why does the share price fluctuate so much between 0.001 and 0.002? I know its not that simple but it would be nice to buy at 0.001 and sell at 0.002.

Cheers

There is no price level between 1/10th and 2/10ths of a cent.
Currently, 124,436,368 shares are being bid at 0,1c; 99,554,190 on offer at 0.2c.
Consequently, if someone wants to buy any now and not wait until 125M have been sold to the bidders already queued up, one has to pay up, i.e. pay 0,2c; and if one wants to get rid of some without having to wait in line at the end of the 0,2c offer queue, one has to sell down into the bidders' queue at 0.1c.

At these levels, it does not really make sense to talk about what a share is worth.

 

[fiftyeight]

Thanks for that Pixel makes sense.

 

[burglar]

Thanks for that Pixel makes sense.

Believe it or not!
It takes a long time to chew through the buyers queue if you have a buy order at $0.001
It takes eternity (or a discovery!!) to chew through the sellers queue if you have a sell order at $0.002

Ask me how I know this!! :

 

[fiftyeight]

Believe it or not!
It takes a long time to chew through the buyers queue if you have a buy order at $0.001
It takes eternity (or a discovery!!) to chew through the sellers queue if you have a sell order at $0.002

Ask me how I know this!! :

Oh no, I think I can figure out where this is going