I have seen it during the dotcom days. The stocks with the highest PE always get hammered very badly. I am not trying to down ramp the stock but there is a lack of anything substantial which would act as a floor for the ERA's current price. It could drop to $18 and be still considered expensive because of the lack of current earnings relative to market capitalisation.
bouncing back looks good, page-7
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 (20min delay)
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Last
0.8¢ |
Change
0.001(7.14%) |
Mkt cap ! $166.1M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $20.12K | 2.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 7413317 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 987141 | 6 |
View Market Depth
| Last trade - 10.42am 17/10/2024 (20 minute delay) ? |
| ERA (ASX) Chart |