For the price to gain traction - requires institutions in.
for institutions to get in - requires squeaky clean slate.
This will take time as two recent events may have dented the image.
1. Sudden departure of respected chairman - the one who showed the path to profitability.
2. Awarding of free performance shares to management based on share price reaching 30 odd cents in two years - the current shareprice was 45 cents - if the mgmt does not have confidence in shareprice (otherwise these free shares should have a hurdle of say $1 minimum) then how can institutions have the confidence (remember the institution actions are scrutinised if things go wrong).
looks like it may take 9 to 12 months (at least two to three quarterlies of rising sales and profits) to re build the image.
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.18M |
Open | High | Low | Value | Volume |
11.5¢ | 12.0¢ | 11.5¢ | $8.817K | 76.66K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 111995 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 173997 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 111995 | 0.115 |
4 | 81022 | 0.110 |
1 | 8257 | 0.105 |
3 | 24500 | 0.100 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 173997 | 5 |
0.125 | 199381 | 3 |
0.130 | 447698 | 5 |
0.140 | 563112 | 2 |
0.145 | 112654 | 3 |
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