The market cap does need justifying. They are barely profitable on a CIF basis, and when you add in admin costs and ongoing capex, they aren't profitable at current prices.
Trying to justify the market cap is about as ridiculous as the US Secret Service director trying to justify that she should remain in the job.
Ann: June 2024 Quarterly Activities Report, page-31
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Last
$3.00 |
Change
-0.080(2.60%) |
Mkt cap ! $9.032B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.05 | $2.97 | $55.47M | 18.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 980 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 39640 | 5 |
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| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |