Can someone please tell me why this company has a market cap of $750m? I just don’t get it. Revenue is almost non existent and the cash flow runway is looking mediocre at best. Don’t get angry because I’m not shouting positive expletives about the stock but please just explain the valuation. I have a similar stock with a market cap of $40m. All the same attributes but a 20th of the BRN price. The market is indeed strange.
2021 BRN Discussion, page-15179
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Last
19.5¢ |
Change
-0.020(9.30%) |
Mkt cap ! $382.6M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 19.5¢ | $3.501M | 17.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 601346 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 272894 | 3 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BRN (ASX) Chart |