I'm looking into buying HNHI stock but am not completely understanding something. I see that the current price of the stock is $0.10
The bid price is 0.02 and the ask price is 1.01
Does this mean if I made an order, I'd potentially be paying $1.01 per stock for something that is currently valued at $0.10? I have a feeling I'm somehow misunderstanding the bid and ask price meanings because this just doesn't make sense.
Also, say I bought 20,000 shares of this stock, what would I actually be expecting to pay?
The bid price is 0.02 and the ask price is 1.01
Does this mean if I made an order, I'd potentially be paying $1.01 per stock for something that is currently valued at $0.10? I have a feeling I'm somehow misunderstanding the bid and ask price meanings because this just doesn't make sense.
Also, say I bought 20,000 shares of this stock, what would I actually be expecting to pay?