Good morning all,
I have been following the story here. The more I read this, more interested I get. One of the best risk rewards on ASX!
I am no Bio tech expert and normally in resource stocks.
Why is BIT trading at such a low MC given the progress they have made so far on the critical and unmet needs they are trying to fulfill? Understand that the traders have a say but why did the share price fell to such low level?
I don't know if even this is a correct comparison but IMU has a market cap of $322m vs BIT $68m? I know they are trying to address two different issues but I thought BIT should by now have a market cap in excess of $200m (even before the last letter to the SH)?
Is this sentiment driven because fundamentally, BIT seems hugely undervalued!
Appreciate expert comments here please.
Thanks in advance
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $25.26M |
Open | High | Low | Value | Volume |
2.8¢ | 2.9¢ | 2.8¢ | $2.114K | 75.44K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 87026 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 45600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 87026 | 0.028 |
1 | 45000 | 0.027 |
5 | 289518 | 0.026 |
5 | 268646 | 0.025 |
3 | 299000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 45600 | 1 |
0.030 | 60000 | 2 |
0.031 | 179129 | 4 |
0.032 | 500000 | 1 |
0.039 | 257353 | 1 |
Last trade - 15.45pm 04/09/2024 (20 minute delay) ? |
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BIT (ASX) Chart |