Sorry but that just isn't true bark, when you buy stock you are buying the future earnings of a company, ie' what the company will return the investor over a given period. thats why they call it "investing" and not "purchasing". If you believe that the share price is a live valuation then why isnt every stocks price to book ratio 1 ? When you purchase the shares you are purchasing them with the thought that in 9-12 months thier value will increase.. or decrease if you are short. Its really that simple. So at the moment the market thinks MGX is a dog of a stock and wont perform well over the next 12 months.. hence people are getting out and driving the price down. And it works in the visa versa.. one or two good announcements about a profit upgrade ect and the MGX share price will recover. If that doesnt eventuate then the price will languish at what the market thinks it will be worth in 9-12 months. Thats why it seems like now the share price is horrible oversold....
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Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.5M |
Open | High | Low | Value | Volume |
30.5¢ | 32.0¢ | 30.5¢ | $832.3K | 2.674M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 615786 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.5¢ | 13077 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 610295 | 0.305 |
23 | 620435 | 0.300 |
7 | 259078 | 0.295 |
5 | 182544 | 0.290 |
3 | 89800 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 9371 | 1 |
0.320 | 115908 | 3 |
0.325 | 112316 | 6 |
0.330 | 150000 | 5 |
0.335 | 193800 | 6 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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MGX (ASX) Chart |