This downtrend is going to need plenty of volume to break.
Optimists on this forum are calling this a buy because it's so cheap???
1 year ago, approx 1.4B shares = market cap of approx 65mill today, approx 2B shares = market cap approx 100mill
The share price is similar to a year ago but with a big larger valuation... if this was 40mill market cap then it would be good value with 20/30% upside.
At this valuation where is the upside? this thing isn't going to double from here in current market conditions
NET Price at posting:
4.7¢ Sentiment: Sell Disclosure: Not Held