I actually think its index funds selling now PXS has dropped out of the ASX 300.
That creates a great opportunity for the value buyer. Any active insto who wanted out at these levels probably went a while ago, now its just the passive index trackers letting go.
The uplift, when it comes, will be even stonger.
$340M equity capital has gone into PXS, of which $60m remains. I'm taking the view that they must have created some value with the other $280m, firstly because they have product sales in Europe, and secondly because the USA is far from game over, quite the reverse in fact.
Market cap $40m for $60m cash, invested R&D, product sales and US approval/deal potential.
Sounds reasonable to me.
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.04M |
Open | High | Low | Value | Volume |
4.3¢ | 4.3¢ | 4.2¢ | $20.22K | 474.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25780 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 581744 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25780 | 0.042 |
3 | 431774 | 0.041 |
5 | 775000 | 0.040 |
1 | 750000 | 0.039 |
3 | 157644 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 581744 | 4 |
0.045 | 450250 | 1 |
0.046 | 1100000 | 2 |
0.047 | 20000 | 1 |
0.049 | 68444 | 2 |
Last trade - 15.54pm 11/10/2024 (20 minute delay) ? |
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