I'm asking myself if the business's performance warrants this reaction and I for the life of me can't justify a drop this bad.
The last time the SP was this low was July 2015. Sure there has been dilution with the multiple raisings, and other than their cash burn, the business has ticked nearly every other box.
Someone big is going to use this opportunity to accumulate around $1 and will make some very big money from this.
$2 party, page-92
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Last
$1.92 |
Change
-0.050(2.54%) |
Mkt cap ! $499.6M | |||
| Open | High | Low | Value | Volume |
| $1.95 | $1.95 | $1.89 | $958.9K | 499.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4598 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 4384 | 6 |
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| Last trade - 14.23pm 16/07/2024 (20 minute delay) ? |
| CAT (ASX) Chart |