Another day of games and manipulation of WBT's share price on the ASX, in the absence of actual news from the company (so basically no reason for a drop in the SP related to the company's activities). It's now looking more oversold than ever.
Interesting take on the quarterly news in "tipranks" dated 28 Feb:
"Weebit Nano Ltd. reported a significant increase in revenue from ordinary activities by 341% for the half-year ended December 31, 2024, despite a 10% decrease in losses compared to the previous period. The company has accelerated its commercial activities through a licensing agreement with onsemi and has achieved key milestones in its DB HiTek license agreement. Looking ahead, Weebit Nano aims to secure new licensing and customer agreements in 2025, which could enhance its market position and stakeholder value."
All IMHO, DYOR
WBT Price at posting:
$1.95 Sentiment: Buy Disclosure: Held
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