Yes, that was my point @papstock and it was linked to the fundamental value I perceive SPQ is worth and as such is undervalued. Yes, I do use MC for a quick scan it is a very useful measure, but be aware of its limitations in spec stocks.
Misconceptions About Market Caps
Although it is used often to describe a company, the market cap does not measure the equity value of a company. Only a thorough analysis of a company's fundamentals can do that. It is inadequate to value a company because the market price on which it is based does not necessarily reflect how much a piece of the business is worth. Shares are often over- or undervalued by the market, meaning the market price determines only how much the market is willing to pay for its shares. Although it measures the cost of buying all of a company's shares, the market cap does not determine the amount the company would cost to acquire in a merger transaction. A better method of calculating the price of acquiring a business outright is the enterprise value. Source: Investopedia
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $18.01M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 0.9¢ | $37.45K | 3.978M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2647213 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1450000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 2647213 | 0.008 |
9 | 3740072 | 0.007 |
11 | 4362013 | 0.006 |
2 | 506009 | 0.005 |
3 | 650001 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1450000 | 1 |
0.011 | 1150000 | 2 |
0.012 | 1750319 | 4 |
0.013 | 1850000 | 5 |
0.014 | 200000 | 1 |
Last trade - 15.19pm 01/08/2024 (20 minute delay) ? |
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SPQ (ASX) Chart |