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
3.7¢ |
Change
-0.003(7.50%) |
Mkt cap ! $33.38M |
Open | High | Low | Value | Volume |
3.8¢ | 4.0¢ | 3.7¢ | $13.74K | 361.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 421052 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 19000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 421052 | 0.038 |
5 | 636326 | 0.037 |
3 | 350000 | 0.036 |
5 | 253214 | 0.035 |
1 | 40000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 19000 | 1 |
0.040 | 92320 | 2 |
0.041 | 433344 | 3 |
0.042 | 117600 | 1 |
0.043 | 102000 | 1 |
Last trade - 15.39pm 05/07/2024 (20 minute delay) ? |
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BIT (ASX) Chart |