There are quite a few stocks on the asx which have billion dollar market caps with little or no revenue.
IMU BRN which is sitting comfortably at $1.2 billion after hitting almost $4 billion.
It's just the way the market works when speculation and a huge potential market intersect.
Question re revenue potential, page-30
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Last
$2.31 |
Change
-0.010(0.43%) |
Mkt cap ! $436.3M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.35 | $2.30 | $611.1K | 262.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 29735 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 2938 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WBT (ASX) Chart |