The lower the price goes, exponential reduction in risk.
Enterprise value $240mill + Cash/ investments $120 million.
If ALK fell to 40c. 33% reduction in share price. Then enterprise value is down 50%.
If ALK fell to 30c. 50% reduction in share price. Then enterprise value is down 75%.
The mind plays tricks, people sell assuming that those with inside knowledge are selling etc.
Alk Chart, page-1006
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 (20min delay)
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $301.7M | |||
| Open | High | Low | Value | Volume |
| 50.5¢ | 52.5¢ | 49.8¢ | $419.3K | 824.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 85781 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 17252 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
50.0¢ |
Change
-0.015 ( 2.36 %) |
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| Open | High | Low | Volume | ||
| 50.0¢ | 52.5¢ | 50.0¢ | 264399 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ALK (ASX) Chart |