The last few 4c's have been good and have painted the picture of a small cap that's transitioning from R&D to commercialisation. With such companies experienced investors will take a long term view and will be looking to the 4c's. If you don't appreciate this about AJX then IMO it's not a stock that suits your apparent investment rationale. Ask yourself this, "Is the company better positioned now for success compared to the time when you brought in at a SP north of $0.70"?
You paid more than $0.70 for a company that was an RD company with a product with little ( or no) market penetration, practically no revenue, and no margin to speak of. You can by the same company now with an established product, growing revenue, good margin at $0.44. I know what I'd sooner be buying.
DYOR
Lumpy
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $15.62M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $350 | 35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 131370 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 58736 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 131370 | 0.010 |
2 | 700000 | 0.009 |
3 | 516044 | 0.008 |
1 | 200000 | 0.007 |
3 | 628000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 58736 | 1 |
0.013 | 240000 | 1 |
0.014 | 564269 | 2 |
0.015 | 1200 | 1 |
0.017 | 15000 | 1 |
Last trade - 15.59pm 09/08/2024 (20 minute delay) ? |
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AJX (ASX) Chart |