One thing to remember is that all markets bounce back, it's just a question of timing. The healthiest thing for any industry is to have a fire to burn off all the dead wood and allow the strongest to grow newer greener shoots. MCE have spent 5 years perfecting a very technical process adopting worlds best practice and installing the latest in technological advances to stay ahead of the competition..I believe they could very well be one of only two players on the planet very shortly. The longer this oil price drop lasts the more is the likelihood of them being the "last man standing". The interesting thing is that the product and process has a wide application with the building industry being just one of many other applications.
A silver lining
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Last
33.5¢ |
Change
0.005(1.52%) |
Mkt cap ! $73.54M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 32.0¢ | $8.387K | 25.15K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 7807 | 3 |
View Market Depth
| Last trade - 13.11pm 24/06/2024 (20 minute delay) ? |
| MCE (ASX) Chart |