G'day dw,
Not sure what you mean about sorting out major problems. The company has no debt, is at the forefront of optical laser development and is profitable. Granted their major OEM customer reduced purchases last year by 24% because of internal problems but ELX has been incresing sales of its own branded products. The new laser for treating glucoma looks the goods and expands ELX's market.
As it happens I was only really commenting on the technical strength of the stock as shown through its chart. We shall just have to see in which direction it travels.
check the chart, page-3
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $41.23M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.5¢ | 17.5¢ | $18.60K | 102.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21284 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 75284 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| EYE (ASX) Chart |