So MGX is trading at a 19% discount to cash at the moment. Share price should be at 0.46 cents a share when you consider just the cash in the business.
So that means it values all of the assets, IP and everything else at $0.
Can anyone get their head around why this might be the case?
MGX Discount to cash
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Last
32.5¢ |
Change
-0.005(1.52%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 32.0¢ | $462.9K | 1.409M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96737 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 79200 | 2 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |