This is good progress. The share price of Ellex dropped significantly in April after iTrack sales had plateaued in Q3. However, results today show a very healthy 20% QoQ growth in Q4.
Also, Ellex is investing heavily in iTrack. Without the $5.2 million negative EBITDA for iTrack the overall EBITDA for Ellex would be $3.7 million positive. There also has been a $1.5 hit to revenue with the currency appreciation. This is likely to more than reverse next year with the dall in AUD.
All these factors should lead to a modest accumulation in share price over the next week.
Ann: Trading Update for Year Ended 30th June 2018, page-2
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Last
13.5¢ |
Change
0.003(1.89%) |
Mkt cap ! $38.35M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $136.6K | 999.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5475 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 1086456 | 2 |
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| Last trade - 13.45pm 18/07/2025 (20 minute delay) ? |
| EYE (ASX) Chart |