Sick of seeing this in a downward spiral as I'm sure are many punters holding here, but in my opinion , given the $100m plus MC, and only $22m MC, (an EV of a high $80m), it would appear this could fall much further?
Is an $80m EV sustainable in this market, imo probably not, a $30m EV would sound more on the money which would give a SP here of 4 cents which could still be viewed as high?
Time will tell, this company needs to find an investor wanting in to stop the bleeding in my opinion , but how and why ?
Thoughts
Down down prices are down
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $132.2M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.3¢ | 10.0¢ | $129.0K | 1.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 508286 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1075524 | 5 |
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| Last trade - 11.31am 25/06/2024 (20 minute delay) ? |
| ASN (ASX) Chart |