I got in at a really good price early and it is my largest holding of shares so hoping for some really consistent upward movement. It is a hold for me anyway as I am looking for a 2020-2022 sell out, but at the current market capital even as a front runner the share would struggle to go much higher than $1-$1.30 as it would equate to a $1bil market capital
I still feel at .10 it is undervalued against some of the others pushing 140-150mil Mkt cap with similar prospectus as MGC
The following could translate to a good progression for holders:
1% market capital of cosmetic industry = 240mil
+ 1bil market capital of cannabis sector
= 1.24 bil Mkt cap
seeing that happen would take some time, I see a much more realistic .20-.30 equating to 300mil Mkt cap with long term growth of perhaps .5-.6
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $12.82M |
Open | High | Low | Value | Volume |
26.0¢ | 26.5¢ | 26.0¢ | $46 | 174 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9236 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.0¢ | 12 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9236 | 0.260 |
1 | 25000 | 0.250 |
1 | 3620 | 0.230 |
1 | 4448 | 0.225 |
1 | 22000 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 12 | 1 |
0.290 | 1200 | 1 |
0.295 | 174 | 1 |
0.310 | 4138 | 3 |
0.370 | 1469 | 1 |
Last trade - 14.23pm 09/08/2024 (20 minute delay) ? |
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