The market capitalisation of $60 million is very low for a quality company achieving a significant breakthroughof as what RDM has done. Not only that, the number of shares on issue is very small. There is big upside yet in the share price. MEI market capitalisation is 9 times the size of RDM and shares on issue is 8 times that.
as such a market capitalisation of $300m is not impossible. The share price has a lot run in it yet though profit taking along the way is not unexpected. The share price currently appears great value. I would think we could be trading 50c by end of the month and $1 by end of may.
$1.00 Party, page-26
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.92M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $14.66K | 95.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19111 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 83700 | 4 |
View Market Depth
| Last trade - 11.24am 01/07/2024 (20 minute delay) ? |
| RDM (ASX) Chart |