The future is looking very bright for BC8. But, I can’t help but wonder whether it’s the tight shareholder register that’s creating a barrier to entry for institutions wanting to take up large positions. The volume of shares traded over the past 4 months is so low, attempting to build a position within this company would be difficult without pushing the share price significantly higher.
I won’t be surprised if a future capital raise to assist with project financing is seriously over subscribed, as this would be the easiest method to gain a solid holding. This may bode well for little retail holders like me as more demand for these shares will support a higher raising price.
Food for thought, otherwise I cannot explain why this company is so damn cheap at the moment. DYOR.
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Last
55.8¢ |
Change
-0.028(4.70%) |
Mkt cap ! $250.6M |
Open | High | Low | Value | Volume |
57.0¢ | 57.5¢ | 55.5¢ | $852.0K | 1.506M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 347573 | 55.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
56.0¢ | 125364 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 354825 | 0.555 |
28 | 502808 | 0.550 |
9 | 285759 | 0.545 |
17 | 668951 | 0.540 |
11 | 414960 | 0.535 |
Price($) | Vol. | No. |
---|---|---|
0.560 | 179060 | 11 |
0.565 | 14580 | 5 |
0.570 | 109560 | 9 |
0.575 | 95590 | 4 |
0.580 | 219559 | 5 |
Last trade - 11.18am 01/11/2024 (20 minute delay) ? |
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BC8 (ASX) Chart |