Ohhh, ow!
Just followed my own advice and looked at the financials
According to the last quarterly report PEX will have $3.8m cash at Dec 31.
Capital raise is inevitable soon - unless I have missed something (please point out if I have!).
Another company I am following is fast approaching a similar situation and it's SP is beginning a descending death spiral.
This needs to be addressed very quickly imho.
AMEC Prospector Award 2019, page-11
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $84.25M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $48.74K | 328.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 128189 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 69388 | 2 |
View Market Depth
| Last trade - 14.18pm 06/06/2024 (20 minute delay) ? |
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Last
15.0¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 15.0¢ | 15.0¢ | 15.0¢ | 32881 | ||
| Last updated 12.52pm 06/06/2024 ? | |||||
| PEX (ASX) Chart |