Agree - totally oversold now considering it was around this price before the run up and all the approvals gain and the opening of the manufacturing centre for pentrox and progress on CSIRO.
The trading update only relates to the device sales; which is not the pentrox sales.
They've used $$ to go out and get approvals and now being punished because it's not enough profits due to investment in growth.
Guess those sellers are too short sighted to see but an opportunity for those that can see long term.
Ann: Trading Update, page-41
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $48.04M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 46.0¢ | $37.31K | 80.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83024 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 30743 | 5 |
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| Last trade - 15.48pm 20/08/2024 (20 minute delay) ? |
| MVP (ASX) Chart |