Ohhh, ow!
Just followed my own advice and looked at the financials
According to the last quarterly report PEX will have $3.8m cash at Dec 31.
Capital raise is inevitable soon - unless I have missed something (please point out if I have!).
Another company I am following is fast approaching a similar situation and it's SP is beginning a descending death spiral.
This needs to be addressed very quickly imho.
AMEC Prospector Award 2019, page-11
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Last
13.0¢ |
Change
-0.010(7.14%) |
Mkt cap ! $75.54M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $36.30K | 269.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 630907 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 151278 | 2 |
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| Last trade - 15.45pm 21/06/2024 (20 minute delay) ? |
| PEX (ASX) Chart |