Other issue upon further analysis of the Financial Report is that the MC is still way overpriced at $17.65m. With revenue of only $0.2m/annum and a loss of $6.8m for the year, unless someone is planning to take over the tech, there is no way Institutional investors would get on board. A share price of about 0.4 cents is my valuation for this stock.
Perhaps that is why people would accumulate it, to take over the tech. I just can't see any other reason to buy anywhere near this price.
Other issue upon further analysis of the Financial Report is...
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Last
4.7¢ |
Change
-0.001(2.08%) |
Mkt cap ! $19.94M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.7¢ | 4.2¢ | $19.38K | 424.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 231096 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 142144 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NOR (ASX) Chart |