I agree but spec stocks with no income are extremely volatile by nature. What's important is timing your entry and being very patient if you like the story which is hard when it goes up and down like a yoyo based on sentiment and where the hot money is going.
I'm a medium to long term value investor but it's important to know how traders think. I highly recommend the book Mastering the Trade 3rd edition by John Carter in this regard. I'm listening to it now on Audible and it's brilliant.
90 cents is the price target, page-11
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Last
35.5¢ |
Change
0.060(20.3%) |
Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.5¢ | 33.5¢ | $6.427M | 18.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 133736 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |