@rolly777
Correct - the key is validation of company performance.
Calls of 20c, 30c, 75c are without substance as a number of metrics need to be utilised in order to assess a company’s vale / potential future value. One being EV (Enterprise Vale). Right now - WKT’s EV (circa +$60m) suggests it is overvalued IMO and even then, that isn’t even taking into account the uncertainty of fulfilling company debt levels.
When looking at price and for a TA level entry or possible price progression opportunity - there is significant price resistance above at 12c and 15c which have proven pesky over the last 2 years. These levels would need to be hard broken before any thoughts of higher can be entertained.
Should WKT be able to confirm profitability, eyes will open up to WKT. There is no point me mentioning what will happen if they don’t.
Have a great weekend all.
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.48M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 145499 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 125500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 145499 | 0.110 |
1 | 100000 | 0.105 |
6 | 191115 | 0.100 |
1 | 50000 | 0.099 |
2 | 116330 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 125500 | 2 |
0.110 | 370000 | 5 |
0.115 | 361980 | 7 |
0.120 | 477177 | 4 |
0.125 | 249179 | 4 |
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