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Weird Mkt Cap
$Mullen Automotive (MULN.US)$ I remember Mkt cap is around 30M when the price is around 0.1. Now, the price is 0.18, but why Mkt cap was increased to 117M. This is weird.
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72949011 OP : It looks the price does not change too much but the Mkt cap increased huge
FANCY PANTS : DO YOU UNDERSTAND HOW MARKET CAP IS CALCULATED?
72949011 OP FANCY PANTS : That’s easy. Price multiply Total shares. Now, total shares increased huge, but price did not change too much
72949011 OP : If split or merge, Total shares will increase or decrease, and then price will decrease or increase correspondingly. This way, Mkt cap does not change
M1ke1229 : heavy illegal shorting, period.