I am having a lot of trouble understanding why this is currently at 4.8 mill market cap when the company is receiving nearly a mill a month (yes a month) of revenue. looks like about 600 k of costs a month (based on last quarterly) so its 400k profit a month.
It basically has a multiple of 1.2.
And has 2 mill in the bank as at last quarterly.
What am I missing?
It seems to good to be true
Oversold, page-34
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $7.284M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $23.19K | 1.546M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1034284 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 144908 | 1 |
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| Last trade - 15.34pm 08/10/2024 (20 minute delay) ? |
| VSR (ASX) Chart |