FYI Readers
Melbana Energy
MAY
Share Price
7 Day
1 Year
0.04
-39.2%
-53.1%
New minor risk - Share price stability
The company's share price has been volatile over the past 3 months.
- It is more volatile than 75% of Australian stocks, typically moving 13% a week.
This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks.
Currently, the following risks have been identified for the company:
Major Risks
- Less than 1 year of cash runway based on free cash flow trend (-AU$53m free cash flow).
- Revenue is less than US$1m.
Minor Risk
- Share price has been volatile over the past 3 months (13% average weekly change).
ST
