The thread header caused me to do a bit of research. I have never been a fan of companies that have cash exceeding their cap. It always raises a question, what is wrong? Sometimes the answer is obvious.
Fans of cash exceeding market cap might like to have a look at KRB. It has a cash balance of $10.5m, = to 13.5 cents per share. But its share price 7.6 cents. Market cap $5.7m
It news reports make interesting reading, especially one relating to a release of an exploration report on last Friday 14th Nov. Very entertaining. Ooops.
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Last
44.0¢ |
Change
0.005(1.15%) |
Mkt cap ! $536.0M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.5¢ | 43.5¢ | $500.2K | 1.139M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 95763 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 75757 | 6 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |