Major difference is the market cap in March 2019.
March 2019 SP of $1.80 with ~600m* ordinary shares available, equated to a market cap of $1.08b.
March 2024 SP of $1.5 with 1b ord shares available, equates to a market cap of $1.5b
Therefore valuation today is almost 45% higher than valuation of ZIP in Mar19.
*guessing the number of shares. Happy to be corrected on this number but the principal is the same, which throws a bit of furphy of technical chart analysis.
Would be wise to calculate how many shares have been traded since bottoming out from $0.40 down to $0.255 and then up to now. Then use this number to determine how many are long long, or long short etc.
Only the Charts, page-2
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Last
$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |