An ice tea maker renames themselves "Long Blockchain" and see its shares rise 250%+, due to the cryptocurrency / blockchain boom going on right now.
Freelancer.com actually participates in the blockchain boom by supplying crypto/blockchain expertise and talent in a low risk way -sort of supplying the 'picks and shovels' in a mining boom, if you will - and its share price only heads downwards. Go figure.
Always thought FLN had a pretty good model - they clip the earnings on labour sold, and if there's a hot area of demand like blockchain right now, they get to clip the ticket on every project related to that area. Low risk, high gross margin income. But apparently the market doesn't think so.
fln - ubs report, page-19
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Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $81.16M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 18.0¢ | $2.233K | 12.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13596 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 59949 | 1 |
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| Last trade - 15.51pm 30/08/2024 (20 minute delay) ? |
| FLN (ASX) Chart |