It will be a long term hold. Companies in the early commercialization phase are generally quiet, wouldn't have a lot to report. It takes a while for the distribution channels to hit their stride and start producing sales. Market penetration doesn't happen overnight. It takes years.
So to answer your question, does this stock have a bright future? Yes. Will the share price climb to double digits? Yes. Will it happen in medium term? Depends on what is "medium" in your books. Hold it for 2 to 3 years and you'll see good returns. If you're thinking months, then this isn't the stock for you.
A lot of the selling is from short term traders who bought the hype and are now selling as the hype is gone. The rampers on social media have left the covid stocks and are now ramping commodity stocks. So, you won't see crazy volumes or 30%, 40% rise on news.
This is not investment advice neither am I qualified to provide investment advice. Do your own research. These are just my opinions.
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Mkt cap ! $9.088M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 372222 | 0.018 |
1 | 40000 | 0.017 |
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2 | 5020000 | 0.013 |
Price($) | Vol. | No. |
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0.021 | 65000 | 1 |
0.023 | 179999 | 1 |
0.024 | 99999 | 1 |
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