AJX 5.00% 1.1¢ alexium international group limited

Ann: Preliminary Final Report, page-61

  1. 34,916 Posts.
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    Excellent strength today. Historically high daily volume on the back of a 10% share rise. After hitting a low of 37.5c just 3 trading days ago it closed today at 46c which takes us back to the share price of 2 weeks or so ago. Hopefully the strength will continue and the share price will reflect the immense growth experienced by AJX ($24mill revenue, up from the previous fin year of $3.42mill). The $24mill revenue figure us interesting as it matches that dreaded calendar year 2016 forecast. As suspected and mentioned since then, it appears AJX were tracking 6 months behind schedule. It seemed that forecast could attract a share price over $1, but now we have reached it 6 months later than expected, the share price isn't even 50c. There's tremendous share price appreciation opportunity here with further good revenue growth and profitability on its way.
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1.1¢
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1.1¢ 134000 1
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