OVT is NOT a trading stock at the moment. The stock for me at least has firmly become a ST to LT hold, purely due to the space it is in and the team that has been built within the company.
I do not see a move back up in the next couple of weeks.
The questions around profitability and 'value' here are ridiculous IMO.. virtually all micro/ small cap stocks are based on hype and fear - therefore attaching a real valuation here is very difficult. What the company does have clearly in its favour at the moment is....
1. Directors that are well and truly putting their money where their mouths are. 2. A strong CEO and finance team being built. 3. Soon to be a strong cash position. 4. An absolutely monster market - if it can break into it.
I could point out numerous stocks in the market, at these levels, lower or higher that don't even have the the first point.
It is a firm hold hold for me here well into next year.
IMO
OVT Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)