re: oversold?? for sure!
RSbradley,
Clearly PLT is way oversold. A company which produced in excess of $4mil rev for Calender year 2004, and with 4 good products in the marketplace, a market cap of $12-13mil is unjustifiable.
Remember Dr Opara (Chairman) took a huge chunk of the company at 0.35c (approx 9mil shares) which equated to 12.76%. He pumped in $3.125mil for this stake.
I would envisage that this share price will not be this cheap (unless unforseen circumstances occur) in the forseeable future.
If you want a cheap entry, now is the time to buy!!
Cheers Freakme
oversold??, page-2
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Last
65.5¢ |
Change
-0.010(1.50%) |
Mkt cap ! $114.8M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 66.0¢ | 65.0¢ | $33.89K | 52.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2817 | 65.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 2475 | 1 |
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| Last trade - 15.32pm 02/09/2024 (20 minute delay) ? |
| PLT (ASX) Chart |