Based on the current financials and IO price. The intrinsic value for MGX is around 75c. So way undervalued currently. With a share price of less that 30c, no debt and cash in the bank of almost 500 million bucks. This one is in the bargain category. However everything hinges on the IO price. If that stabilises or rises then this stock will rocket. If it remains weak, then it will stagnate.
help me undertand, page-24
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Last
30.5¢ |
Change
-0.005(1.61%) |
Mkt cap ! $370.6M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 30.5¢ | $222.5K | 726.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 97293 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 12253 | 2 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |