Unfortunately, as princey said, the market does what the market wants.
With 1.51b shares on issue then a share price of 9c would be a valuation of $136m.
You say it “can’t” have a valuation of 136m, when at closing price today of 0.098 the market cap is 148m! Surely you would say it “can’t” have a market cap below 150m, but lo and behold, today it does!
Regardless of whether it may really be worth a lot more, if the market disagrees and wants to keep selling until it hits 9c or lower, then so be it and we can’t stop it.
Personally, I do think that’s what’s going to happen. I think it will hit around 8.5c in the coming days, so I’ve set an order for to 9.0c to be a bit more assured that I won’t miss this dip.
With around $1m of shares traded on a quiet day, you’d need very very deep pockets to constantly keep the share price above 9c no matter what! I somehow doubt that you will be shelling out millions on NVA every day.
Again, I think NVA will be a big winner in the future, but there’s no need to be unrealistic on these forums and say it “can’t” go down more in the short term, as that will hurt us all & the share price when it does go down. It certainly can go down, and in my opinion I think it’s likely.
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.99M |
Open | High | Low | Value | Volume |
21.5¢ | 21.5¢ | 20.5¢ | $59.65K | 284.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 77361 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 49996 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 77361 | 0.205 |
10 | 347000 | 0.200 |
2 | 205000 | 0.195 |
2 | 149000 | 0.190 |
5 | 74406 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 49996 | 1 |
0.245 | 30000 | 1 |
0.250 | 9321 | 2 |
0.255 | 20000 | 1 |
0.270 | 43000 | 2 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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