With over 3 billion shares EDE needs to sell at least $10 million pa of products to justify the current share price assuming a net margin of 10%.
This is now just a game of survival, not growth. To grow you need capital but the capital is now used just to survive.
A share consolidation is around the corner with a further CR plus the sale of the USA real estate, which would provide the capital for growth and the reason I have placed a small bet via the rights issue .
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Last
0.2¢ |
Change
0.001(33.3%) |
Mkt cap ! $8.216M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $1.001K | 500.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
67 | 202895417 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 25438983 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
67 | 202895417 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 25438983 | 22 |
0.003 | 49471223 | 26 |
0.004 | 5941034 | 7 |
0.005 | 4631540 | 3 |
0.006 | 1876383 | 1 |
Last trade - 12.14pm 05/09/2024 (20 minute delay) ? |
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EDE (ASX) Chart |