They are loosing money - I am correct that the company lost just over $4m in last year ? That being the case with only $5m left , unless they control their expenditure and increase their sales , money will dry up.
Investors invest in a company to make money -generally that means that the share price needs to go up - this has done nothing but tank since day 1 -so share price does matter .Granted the share price should rise with continual positive announcements but we have yet to see this happen and given the cheap stock overhang ,it is going to take a heap of positive announcements to get any investor interest , to create enough liquidity to to take out potential sellers , who will compress any price rise . Company needs to promote itself much better and work harder on getting new investors on board now.
Further where are these investors that you say "With margins of over 57% its hard to believe investors will not support this stock as the fundamentals surpass the sentiment" ?
They are loosing money - I am correct that the company lost just...
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Last
28.0¢ |
Change
-0.020(6.67%) |
Mkt cap ! $59.59M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 31.5¢ | 28.0¢ | $165.2K | 551.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 79547 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 13662 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
28.5¢ |
Change
-0.020 ( 3.49 %) |
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| Open | High | Low | Volume | ||
| 30.5¢ | 31.5¢ | 28.0¢ | 323138 | ||
| Last updated 15.52pm 03/05/2024 ? | |||||
| BIO (ASX) Chart |