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Voltan

303 Posts.

154

10/05/21

18:05

Post #: 53072948
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Originally posted by Shareviewpoint: ↑

I looked up the definition of Penny Dreadful Stock, to be sure, as I thought it was stock with a share price sub $1.00.
Logic if $0.056c or $0.30c then still a Penny dreadful stock as sub $1.00.

Imagine my surprise at the actual definition as follows:

"The term penny stocks is more commonly used overseas in the US, UK or Europe, but you could have also heard the phrase in Australia too. So what are they?

Penny stocks is a loose name for cheap, low-priced shares of small, often newly listed companies. There are a few different ways to define Australia's penny stocks. Some definitions say it's listed companies with a market cap of less than $50 million, which is why in Australia penny stocks are also commonly referred to as small-cap stocks. Another definition is stocks with a share price of less than $5. However this is a rather vague definition as some blue chip stocks have share prices below $5, too.

Investors are often attracted to penny stocks for their cheap prices and potential growth opportunities, though there are risks involved with penny stocks, too."

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As an investor in RFX going all the way back to the IPO in 2010 the image at the current SP is 'penny dreadful'.
Nevertheless, my 'sentiment' is 'buy'.

RFX Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.7¢		Change 0.000(0.00%)		Mkt cap ! $25.63M

Open	High	Low	Value	Volume
9.7¢	9.7¢	9.7¢	$5.649K	58.23K

Buyers (Bids)

No.	Vol.	Price($)
3	44867	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
10.0¢	124877	3

View Market Depth

No.	Vol.	Price($)
3	44867	0.097
1	10416	0.096
4	142981	0.095
2	35324	0.094
1	10000	0.093

Price($)	Vol.	No.
0.100	124877	3
0.110	66438	5
0.115	63439	1
0.120	644453	8
0.125	329879	4

Last trade - 16.10pm 25/07/2024 (20 minute delay)

RFX (ASX) Chart