Good morning all,
I have been following the story here. The more I read this, more interested I get. One of the best risk rewards on ASX!
I am no Bio tech expert and normally in resource stocks.
Why is BIT trading at such a low MC given the progress they have made so far on the critical and unmet needs they are trying to fulfill? Understand that the traders have a say but why did the share price fell to such low level?
I don't know if even this is a correct comparison but IMU has a market cap of $322m vs BIT $68m? I know they are trying to address two different issues but I thought BIT should by now have a market cap in excess of $200m (even before the last letter to the SH)?
Is this sentiment driven because fundamentally, BIT seems hugely undervalued!
Appreciate expert comments here please.
Thanks in advance
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.77M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.3¢ | $26.66K | 804.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 296338 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 76443 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 296338 | 0.033 |
5 | 457406 | 0.032 |
3 | 350500 | 0.031 |
9 | 670666 | 0.030 |
2 | 250000 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 76443 | 2 |
0.036 | 65500 | 1 |
0.037 | 537816 | 2 |
0.039 | 490546 | 3 |
0.040 | 113240 | 2 |
Last trade - 15.00pm 18/07/2024 (20 minute delay) ? |
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BIT (ASX) Chart |