In the absence of any announcement of contracts generating revenue, I still think this will roam the low 30's to high 40's. That roaming will be driven by sentiment. It needs revenue to underpin fundamentals to go any higher. If it it goes higher on sentiment then it will fall again - just as much. Can still make money out of that roaming.
I do struggle to see how AR9 will secure contracts directly and still believe that they will need to partner as a joint tender or subcontractor in the Govt security space. A partnership announcement could also give it an uplift. There's a range of stocks in this sector looking equally or more attractive, TNT, CPT, IP1, ID8. This is one where money can be made by either trading or long term hold, however the long term hold carries a bit more risk with higher reward.
Still hoping to jump back in.
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Last
7.6¢ |
Change
-0.004(5.00%) |
Mkt cap ! $21.78M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 7.6¢ | $19.93K | 252.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 39527 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 24240 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 39527 | 0.076 |
3 | 276910 | 0.075 |
1 | 30000 | 0.072 |
1 | 19000 | 0.071 |
3 | 112150 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 24240 | 1 |
0.085 | 11776 | 1 |
0.089 | 1416 | 1 |
0.090 | 295000 | 3 |
0.095 | 114943 | 3 |
Last trade - 12.58pm 12/07/2024 (20 minute delay) ? |
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AR9 (ASX) Chart |