GGG has usually hovered 20-50% above book value prior to this stage of its development for quite a few years now. I would have expect an increase to that (40-70% or 10-13 cents) given where its at now and I cant help but feel it a fair sp base to be considered given its historical performance.
We have a BV of 6.7 cents now. So we are at 20% BELOW BV.
Id be more inclined to suggest between 7-10 cents would be a fairer range given its late stage of development to cut it in the middle as this far under BV is odd for the sp..
I think the market is still going through a phase of adjusting to a turn around after the ill effects of Global X getting out. We are perhaps just seeing bounces off a solid floor.
Time will tell I guess.
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Last
2.5¢ |
Change
-0.002(7.41%) |
Mkt cap ! $35.11M |
Open | High | Low | Value | Volume |
2.6¢ | 2.7¢ | 2.5¢ | $41.47K | 1.638M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 298750 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 176931 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 298750 | 0.025 |
2 | 125006 | 0.024 |
3 | 377665 | 0.023 |
3 | 754000 | 0.022 |
1 | 217554 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 176931 | 3 |
0.030 | 102294 | 2 |
0.031 | 89491 | 3 |
0.033 | 425000 | 2 |
0.036 | 119496 | 3 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
2.5¢ |
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Change
-0.002 ( 7.41 %) |
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Open | High | Low | Volume | ||
2.5¢ | 2.5¢ | 2.5¢ | 85328 | ||
Last updated 10.30am 14/06/2024 ? |
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