I spoken in depth with a maquarie broker about this stock, he said the stock is over valued, a very small deposit and too manny shares which makes the capital growth diluted. If you were to reduce the shares down to 80 million at 1 for 6 issue that would make the shares worth 48cents. This is an important factor because it shows how over valued these shares are.
an excellent reason not to buy
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Last
10.8¢ |
Change
0.003(2.38%) |
Mkt cap ! $102.8M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $29.79K | 275.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 460381 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 182251 | 4 |
View Market Depth
| Last trade - 11.08am 06/09/2024 (20 minute delay) ? |
| AAR (ASX) Chart |