So MGX is trading at a 19% discount to cash at the moment. Share price should be at 0.46 cents a share when you consider just the cash in the business.
So that means it values all of the assets, IP and everything else at $0.
Can anyone get their head around why this might be the case?
MGX Discount to cash
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Last
31.5¢ |
Change
0.005(1.61%) |
Mkt cap ! $383.7M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 32.0¢ | 31.0¢ | $667.4K | 2.118M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 261230 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 167423 | 3 |
View Market Depth
| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |