The consolidation was always a shaky proposition, seemed to be more about the Management's egos than delivering any outcomes. The trading volume has been very low, although noted around $80k changed hands today but none of those so called small cap investors they said would bring liquidity seem to have jumped in based on the price having a dollar in front of it. I hold this in two different entities with one having a shorter timeline and a holding cost per share of around $1.80 and the other having a longer timeline and picked up shares last week at an average cost of $0.99. I think if the next two 4C's show positive double digit sales growth then the stock might rerate up to the $70m to $80m market cap but they really need to get into the 8 figure sales revenue per annum and past breakeven to install some confidence in current and new investors to jump back in with more share purchases. Hopefully, in the interim they announce further JVs and we see some positive news out of Europe in terms of sales and selling the new products into the existing US client pipeline.
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $7.705M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $13.75K | 98.21K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 71964 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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15.0¢ | 88763 | 3 |
View Market Depth
No. | Vol. | Price($) |
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2 | 71964 | 0.140 |
1 | 56505 | 0.115 |
1 | 27280 | 0.110 |
1 | 9523 | 0.105 |
3 | 109703 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 88763 | 3 |
0.160 | 51189 | 2 |
0.190 | 5253 | 1 |
0.200 | 143 | 1 |
0.000 | 0 | 0 |
Last trade - 10.57am 30/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
14.5¢ | 14.5¢ | 14.0¢ | 9472 | ||
Last updated 14.29pm 30/05/2024 ? |
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