Unfortunately the near term technicals have broken down. The share price valuation simply got ahead of the sales generated by the business. ZNO is an excellent company. It is a minnow that has grown into an Aussie/NZ mid cap and has developed growing pains. Fortunately it has the positive cash flow to meet those challenges. I got out on the run from 30 cents to $2.00 and switched into a number of Western Australian "golden puppies" that gave me considerably more return on my funds.
My original conceptual guesstimate is that ZNO will eventually reach $5.00. May buy back in when the technicals look favorable and upside is greater. My sense is that ZNO is a long term hold
$5 club, page-30
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $9.596M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.7¢ | 2.7¢ | $1.407K | 52.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 184984 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 250000 | 1 |
View Market Depth
| Last trade - 13.20pm 14/10/2024 (20 minute delay) ? |
| ZNO (ASX) Chart |