Sentiment of VUL is very low now, AFR and JCAP raised some questions VUL has no precise answer at present. So those can be argued either directions. Sellers may be selling out of fear of losing whatever gains they have. It's possible this sp go further down and given the production is 2024-25 only good progression of project will take SP North.
But the difference with Z1p is, vulcan does not need to compete with anyone for its products. Z1P has to compete for market share against too many bigger players. Vulcan will not, Actually customers will come after them for vul products if they successful as is the premium product every battery manufacturers wants.
So that's why vulcan has this valuation atm as if they produce as promised, their revenue is North of billion and if that the case, imagine where the SP will be.? That's y vulcan has this current valuation.
Short Seller Report, page-387
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Last
$4.46 |
Change
-0.140(3.04%) |
Mkt cap ! $839.3M | |||
| Open | High | Low | Value | Volume |
| $4.58 | $4.60 | $4.37 | $2.725M | 606.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 197 | $4.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.49 | 2742 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| VUL (ASX) Chart |