The share price is up 3/4x times from where it was in October 2022 - June 23 and you're well and truly up if you bought prior to June 2020. Yes the share price is down from highs, but anchoring your idea of true value to a past price high is a mistake.
The logical answer is that the price was bid up on enthusiasm with an expectation for a short term business sale and has fallen as investors reassess how quickly they think there will be a sale (or what ever they imagine would have driven the next leg up in growth)
The share price is up 3/4x times from where it was in October...
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Last
8.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $144.6M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.3¢ | 8.2¢ | $59.88K | 729.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 514861 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 388779 | 6 |
View Market Depth
| Last trade - 15.54pm 07/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
0.000 ( 0.61 %) |
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| Open | High | Low | Volume | ||
| 8.1¢ | 8.3¢ | 8.1¢ | 313270 | ||
| Last updated 15.57pm 07/05/2024 ? | |||||
| 4DS (ASX) Chart |